JC Module Preferences window: Expense Accounts tab
Use this tab to enter the default expense accounts for materials, subcontractors, general (miscellaneous) expenses, labor, equipment, overhead, and adjustments as well as the liability accounts you want to use. If you are integrated to General Ledger, these fields are required.
You can override the default you set here on the
Expense Accounts tab in the
Job Management window or in the
Cost Code window if you open the Cost Code from a detail line in the job.
Default Expense / Liability Accounts
Use this group box to define default expense and liability accounts.
Material Expense
Use this field to define a default General Ledger expense account for materials.
Subcontractor Expense
Use this field to define a default General Ledger expense account for subcontractors.
General Expense
Use this field to define a default General Ledger expense account for general or miscellaneous expenses.
Labor Expense
Use this field to define a default General Ledger expense account for labor.
Equipment Expense
Use this field to define a default General Ledger expense account for equipment.
Overhead Expense
Use this field to define a default General Ledger expense account for overhead expenses.
Adjustment Expense
Use this field to define a default General Ledger expense account for adjustments.
Liability Account
Use this field to define a default liability account for all of the above types of expenses.
Labor Liability Account
Use this field to define the default labor liability account. You will use this account with Process Cost Codes.
If Payroll is integrated to Job Cost, this account is not used; the Payroll Wages Payable account is used instead.
Prepaid WIP Liability
Use this field if you allow prepayments on Cost Code WIP. You will not be able to post a prepayment if this field is blank.
Published date: 10/20/2020