79500 and 79700: Revenue accounts?

Q Wang
  • Q Wang

    Q Wang - 2005-12-05

    I found that two default accounts 79500 (Casn book receipts) and 79700 (Charge revenue) are really REVENUE accounts but were under 79 Default/Suspense Accounts folder, and 79 is a summary account with parent account 6 (Expense).  I am wondering if this is an error that needs to be fixed, as the two REVENUE accounts were put to EXPENSE summary folder.  Any comments?  Thanks.

    • Q Wang

      Q Wang - 2005-12-05

      Could anybody clarify on this?  As this affects the income statement (should "80: Other Income" account include 79500 and 79700 accounts as they are actually REVENUE accounts?) Thank you very much for the great help in advance.

    • ADAXA

      ADAXA - 2005-12-08

      why dont you change the account codes to point to accounts where you think the entries should go in your chart? ... or change the search key of the existing accounts and drag them to the revenue section of your chart of accounts in 'Account Element'.


Log in to post a comment.