General Ledger Codes
To use accounting reports,you must setup the Cash Account, Receivables Accounts, and Revenue Account for each fund in you eTapestry database.
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Cash Account - Enter the general ledger cash account number for the fund.
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Receivable Account - Enter the general ledger receivables account number for debits to the fund.
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Revenue Account - Enter the general ledger revenue account number for the fund.
After you complete the fields, click Save. You are ready to use the funds with accounting exports to sync eTapestry information with your other accounting software.
Field | Description |
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Cash Account |
• This is money in the bank. • This is an asset account. • This is a balance sheet account - debit side of the ledger. • The corresponding credit is Accounts Receivable. |
Receivables Account |
• This is money owed to you but not received yet. This is an asset account. • This is a balance sheet account. • This is the debit side of the ledger. • The corresponding credit is Sales. |
Revenue Account |
• This is sales . • This is a revenue account (vs expense) - is an income statement account. • This is the credit side of the ledger. • The corresponding debit is Accounts Receivable. |
When you enter transactions, they correspond to the GL as follows:
Transaction | Debits | Credits |
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Pledge | Receivables | Revenue |
Reversed Pledge | Revenue | Receivables |
Pledge Payment | Cash | Receivables |
Reversed Pledge Payment | Receivables | Cash |
Gift | Cash | Revenue |
Reversed Gift | Revenue | Cash |
Disbursements | Revenue | Cash |
Reversed Disbursements | Cash | Revenue |
Uncollectibles | Revenue | Receivables |
Reversed Uncollectibles | Receivables | Revenue |