General Ledger Controls (TireMaster Plus and TireMaster Corporate)

Item	Description
Default Account - Cash	Defines the default general ledger account for tracking any cash or checks received throughout the day. This amount (minus the till float) is taken out of the account during the day end close. Assign an asset account for this control.
Default Account - Cash Over/Short	Defines the default general ledger account for posting any overages or shortages from the day end close. This account is usually an expense account.
Default Account - FET Correction	Defines the default general ledger account for posting FET rounding error corrections. This function occurs during the month end inventory value recalculation. This account is usually an expense account.
Default Account - Fin. Charge Income	Defines the default general ledger account for posting any finance charge income. This account is usually an income account.
Default Account - Freight	Defines the default general ledger account for posting any non-line freight. This account is usually an expense account.
Default Account - Inventory Correction	Defines the default general ledger account for posting any rounding errors found in the inventory value recalculation. This account is usually an asset account.
Default Account - PO Sales Tax Expense	Defines the default general ledger account for posting any sales tax you pay for the inventory you receive.
Default Account - Sales Tax	Not used.
Default Account - Sales Tax Rounding	Defines the default general ledger account for posting sales tax rounding amounts.
Default Account - Year-End Profit/Loss	Defines the default general ledger account used for posting your year end profit or loss. Assign an equity account for this control.
Default Department	Defines the default department.
Default Department - Freight	Defines a default department for any freight expenses. This setting must be 1 unless you have multiple departments.
Default Department - Sales Tax Expense	Defines a default department for any sales tax expenses. This setting must be 1, unless you have multiple departments.
Default GL Class	Defines the default GL class. This setting is usually 1. Note: In the TireMaster startup database, class 1 is the Normal GL class.
Default Inventory GL Code	Defines the default inventory GL code.
Department Method	Defines whether departments are set up to provide information about customers or items.
Deposit - Clearing Account	Defines the general ledger account used for tracking deposits collected at point of sale when customers make payments toward purchases.
Fin. Statements - Asset	Not used.
Fin. Statements - Expense	Not used.
Fin. Statements - Income	Not used.
Fin. Statements - Liability	Not used.
Fin. Statements - Owner's Equity	Not used.
Income Statement - Administrative	Not used.
Income Statement - Other Income/Expenses	Not used.
Income Statement - Sales & COGS	Not used.
Inventory Clearing Acct	Defines which general ledger account is used to offset entries for inventory returns to vendors. This account is usually a liability account.
Startup Account - Accounts Payable	Defines the vendor account for your startup balance. Do not change this account number.
Startup Account - Accounts Receivable	Defines the customer account for your startup balance. Do not change this account number.
Startup Account - Inventory	Defines the inventory account for your startup balance. Do not change this account number.
Transfer GL Class	Define the GL class for transfer invoices.