Solved

Why does Acumatica not have an Equity GL account type

  • 12 December 2023
  • 2 replies
  • 109 views

Userlevel 4
Badge

I would like to create a few Account Classes that have an “Equity” account type associated to them. (for example, “Common Stock” and “Paid In Equity”).  But that “type” of account type does not exist and there is no way to add a new type.

Why was this excluded?  Is there a work-around for that?

Thank you,

icon

Best answer by Laura02 12 December 2023, 16:26

View original

2 replies

Badge +18

Hello @NetAdmin42 ,

Equity accounts are Liabilities in Acumatica.

Equity Account Classes

I found your idea already entered in the Ideas section of Acumatica Community.  You may vote here:

and here:

Laura

Userlevel 3
Badge

Hello @NetAdmin42 

As @Laura02  mentioned, those account classes can be configured under the liability account type currently. You can vote on the above-mentioned product ideas.

 

Thank you.

Reply


About Acumatica ERP system
Acumatica Cloud ERP provides the best business management solution for transforming your company to thrive in the new digital economy. Built on a future-proof platform with open architecture for rapid integrations, scalability, and ease of use, Acumatica delivers unparalleled value to small and midmarket organizations. Connected Business. Delivered.
© 2008 — 2024  Acumatica, Inc. All rights reserved