Global Accounts

Global Accounts include the complete list of General Ledger Accounts available for use within your company.  

Adding a Global Account

1. Navigate to Global Accounts: Accounting > GL > Global Accounts
2. Select the blue “+Add Global Account” button  
3. Enter the GL Code  
4. Enter the Name of the GL  
5. Select the Account type from the dropdown.  
6. Select the blue “Save” button  

Account Types

Used to configure the Global Chart of Accounts

•  Assets 
  • Owned by the association. 
  • Banking accounts (Cash), Inventory, Accounts Receivable, and Fixed Assets. 
  • Property
• Liabilities 
  • Owed by the association. 
  • Accounts Payable, Loans, Capital, Retained Earnings, Prepaid Assessments. 
• Equity 
  • Money you have invested in the association. 
• Revenue/Income 
  • Funds received by the association. 
  • Assessments, Fees, Parking, Amenity Reservations, etc. 
• Expenses 
  • Funds spent by the association for operation. 
  • Repairs, Utilities, Tax Preparations, Meeting Expenses, Landscaping, etc.