The 'Accounts' tab resides on the System Preferences screen.  Click here for more information on System Preferences. On the Accounts tab, System-wide Account settings are set. The values provided in these settings will be used as the Default Accounts throughout the System.

1) Accounts Payable - The default Accounts Payable GL Account that will offset all AP Transactions. This account should only be used for AP Transactions so that expenses are recorded correctly. Reference the Balance Sheet for a view of the Accounts Payable balance by Location

• Note: Only Users with a Primary User Role of Full Access or Accounting Manager will be able to access the Balance Sheet 

2) Item Cost - The default COGS Account that will be assigned to an item. This will auto-populate on an Item record

3) Item Inventory - The default inventory account used in taking Stock Counts. This account will auto-populate the Item Inventory field when a new Stock Count is made

4) Food Sales - System-wide default Food Sales Account that will populate wherever the Food Sounds Account is present.  This is an optional field but, if entered, can be beneficial in analyzing the effectiveness of food operation 

5) Sales Tax - The Sales Tax Payable GL Account used on taxable AR Transactions. This account keeps track of the Sales Taxes that were collected from taxed products and services