difference between GlAccountClass & GlAccountType

[aswath narayana]

Hi All,
Can any tell what is the difference between GlAccountClass & GlAccountType.

I was looking into prepareIncomeStatement and prepareBalanceSheet report in
GeneralLedgerServices.xml.  Both of them use GLAccountClass.

How is GlAccountType used and where?

Thanks,
-Aswath

[Jacopo Cappellato-4]

Hi Aswath,

GlAccountType is used to map (for automatic transaction) a type to a  
real account.
GlAccountClass is descibed in a comment in AccountingTypeData.xml:

     <!-- These classes are used to classify gl accounts for financial  
statement purposes: balance sheet, income statement, cash flow  
statement,
         statement of shareholders' equity.  We could get fancier with  
different types of accounts: Investments vs PP&E, classes of equity,
         classes of debt, etc. over time -->
     <!--

         DEBIT
             |___> NON_POSTING
             |
             |___> DISTRIBUTION
             |               |___> RETURN_OF_CAPITAL
             |               |
             |               |___> DIVIDEND
             |
             |___> ASSET
             |         |_________> LONGTERM_ASSET
             |         |                       |____> ACCUM_DEPRECIATION
             |         |                       |
             |         |                       |____> ACCUM_AMORTIZATION
             |         |
             |         |_________> CURRENT_ASSET
             |                                 |____> CASH_EQUIVALENT
             |                                 |
             |                                 |____> INVENTORY_ASSET
             |
             |___> EXPENSE
                       |_________> CASH_EXPENSE
                       |                       |____> INTEREST_EXPENSE
                       |                       |
                       |                       |____> COGS_EXPENSE
                       |                       |
                       |                       |____> SGA_EXPENSE
                       |
                       |_________> NON_CASH_EXPENSE
                                               |____> DEPRECIATION
                                               |
                                               |____> AMORTIZATION
                                               |
                                               |____> INVENTORY_ADJUST

         CREDIT
             |___> REVENUE
             |
             |___> INCOME
             |          |_______> CASH_INCOME
             |          |
             |          |_______> NON_CASH_INCOME
             |
             |___> EQUITY
             |         |_________> OWNERS_EQUITY
             |         |
             |         |_________> RETAINED_EARNINGS
             |
             |___> LIABILITY
                       |_________> CURRENT_LIABILITY
                       |
                       |_________> LONGTERM_LIABILITY

         RESOURCE

     -->

Jacopo


On Jul 27, 2009, at 7:17 AM, aswath narayana wrote:

> Hi All,
> Can any tell what is the difference between GlAccountClass &  
> GlAccountType.
>
> I was looking into prepareIncomeStatement and prepareBalanceSheet  
> report in
> GeneralLedgerServices.xml.  Both of them use GLAccountClass.
>
> How is GlAccountType used and where?
>
> Thanks,
> -Aswath

[Jacopo Cappellato-4]

On Jul 27, 2009, at 8:30 AM, Jacopo Cappellato wrote:

> Hi Aswath,
>
> GlAccountType is used to map (for automatic transaction) a type to a  
> real account.

What I wrote above is not very clear.
The idea is that the system creates an automatic transaction,  
triggered from a business event (e.g. inventory receipt), it performs  
a lookup by type and get the id of an account: there are several  
mapping entities that match a type with an id.

Jacopo

> GlAccountClass is descibed in a comment in AccountingTypeData.xml:
>
>    <!-- These classes are used to classify gl accounts for financial  
> statement purposes: balance sheet, income statement, cash flow  
> statement,
>        statement of shareholders' equity.  We could get fancier with  
> different types of accounts: Investments vs PP&E, classes of equity,
>        classes of debt, etc. over time -->
>    <!--
>
>        DEBIT
>            |___> NON_POSTING
>            |
>            |___> DISTRIBUTION
>            |               |___> RETURN_OF_CAPITAL
>            |               |
>            |               |___> DIVIDEND
>            |
>            |___> ASSET
>            |         |_________> LONGTERM_ASSET
>            |         |                       |____> ACCUM_DEPRECIATION
>            |         |                       |
>            |         |                       |____> ACCUM_AMORTIZATION
>            |         |
>            |         |_________> CURRENT_ASSET
>            |                                 |____> CASH_EQUIVALENT
>            |                                 |
>            |                                 |____> INVENTORY_ASSET
>            |
>            |___> EXPENSE
>                      |_________> CASH_EXPENSE
>                      |                       |____> INTEREST_EXPENSE
>                      |                       |
>                      |                       |____> COGS_EXPENSE
>                      |                       |
>                      |                       |____> SGA_EXPENSE
>                      |
>                      |_________> NON_CASH_EXPENSE
>                                              |____> DEPRECIATION
>                                              |
>                                              |____> AMORTIZATION
>                                              |
>                                              |____> INVENTORY_ADJUST
>
>        CREDIT
>            |___> REVENUE
>            |
>            |___> INCOME
>            |          |_______> CASH_INCOME
>            |          |
>            |          |_______> NON_CASH_INCOME
>            |
>            |___> EQUITY
>            |         |_________> OWNERS_EQUITY
>            |         |
>            |         |_________> RETAINED_EARNINGS
>            |
>            |___> LIABILITY
>                      |_________> CURRENT_LIABILITY
>                      |
>                      |_________> LONGTERM_LIABILITY
>
>        RESOURCE
>
>    -->
>
> Jacopo
>
>
> On Jul 27, 2009, at 7:17 AM, aswath narayana wrote:
>
>> Hi All,
>> Can any tell what is the difference between GlAccountClass &  
>> GlAccountType.
>>
>> I was looking into prepareIncomeStatement and prepareBalanceSheet  
>> report in
>> GeneralLedgerServices.xml.  Both of them use GLAccountClass.
>>
>> How is GlAccountType used and where?
>>
>> Thanks,
>> -Aswath
>

[aswath narayana]

Thanks Jacopo.
What and where are the mapping entities that match the type to id.

Are you referring to the following services when you say automatic
transactions from a business event.  Is that correct?
 - createAcctgTransAndEntriesForIncomingPayment<https://localhost:8443/webtools/control/ArtifactInfo?type=service&uniqueId=createAcctgTransAndEntriesForIncomingPayment>
 - createAcctgTransAndEntriesForOutgoingPayment<https://localhost:8443/webtools/control/ArtifactInfo?type=service&uniqueId=createAcctgTransAndEntriesForOutgoingPayment>
 - createAcctgTransAndEntriesForPaymentApplication<https://localhost:8443/webtools/control/ArtifactInfo?type=service&uniqueId=createAcctgTransAndEntriesForPaymentApplication>

I am trying to understand the GLAccountType so that I can perform some of
the following using a custom UI.
* paying the officespace rent and electricity bill.
* giving advance amount to a party and collecting back against the advance.

Thanks in advance
-Aswath


Thanks,
-Aswath


On Mon, Jul 27, 2009 at 12:06 PM, Jacopo Cappellato <
[hidden email]> wrote:

>
> On Jul 27, 2009, at 8:30 AM, Jacopo Cappellato wrote:
>
>  Hi Aswath,
>>
>> GlAccountType is used to map (for automatic transaction) a type to a real
>> account.
>>
>
> What I wrote above is not very clear.
> The idea is that the system creates an automatic transaction, triggered
> from a business event (e.g. inventory receipt), it performs a lookup by type
> and get the id of an account: there are several mapping entities that match
> a type with an id.
>
> Jacopo
>
>
>  GlAccountClass is descibed in a comment in AccountingTypeData.xml:
>>
>>   <!-- These classes are used to classify gl accounts for financial
>> statement purposes: balance sheet, income statement, cash flow statement,
>>       statement of shareholders' equity.  We could get fancier with
>> different types of accounts: Investments vs PP&E, classes of equity,
>>       classes of debt, etc. over time -->
>>   <!--
>>
>>       DEBIT
>>           |___> NON_POSTING
>>           |
>>           |___> DISTRIBUTION
>>           |               |___> RETURN_OF_CAPITAL
>>           |               |
>>           |               |___> DIVIDEND
>>           |
>>           |___> ASSET
>>           |         |_________> LONGTERM_ASSET
>>           |         |                       |____> ACCUM_DEPRECIATION
>>           |         |                       |
>>           |         |                       |____> ACCUM_AMORTIZATION
>>           |         |
>>           |         |_________> CURRENT_ASSET
>>           |                                 |____> CASH_EQUIVALENT
>>           |                                 |
>>           |                                 |____> INVENTORY_ASSET
>>           |
>>           |___> EXPENSE
>>                     |_________> CASH_EXPENSE
>>                     |                       |____> INTEREST_EXPENSE
>>                     |                       |
>>                     |                       |____> COGS_EXPENSE
>>                     |                       |
>>                     |                       |____> SGA_EXPENSE
>>                     |
>>                     |_________> NON_CASH_EXPENSE
>>                                             |____> DEPRECIATION
>>                                             |
>>                                             |____> AMORTIZATION
>>                                             |
>>                                             |____> INVENTORY_ADJUST
>>
>>       CREDIT
>>           |___> REVENUE
>>           |
>>           |___> INCOME
>>           |          |_______> CASH_INCOME
>>           |          |
>>           |          |_______> NON_CASH_INCOME
>>           |
>>           |___> EQUITY
>>           |         |_________> OWNERS_EQUITY
>>           |         |
>>           |         |_________> RETAINED_EARNINGS
>>           |
>>           |___> LIABILITY
>>                     |_________> CURRENT_LIABILITY
>>                     |
>>                     |_________> LONGTERM_LIABILITY
>>
>>       RESOURCE
>>
>>   -->
>>
>> Jacopo
>>
>>
>> On Jul 27, 2009, at 7:17 AM, aswath narayana wrote:
>>
>>  Hi All,
>>> Can any tell what is the difference between GlAccountClass &
>>> GlAccountType.
>>>
>>> I was looking into prepareIncomeStatement and prepareBalanceSheet report
>>> in
>>> GeneralLedgerServices.xml.  Both of them use GLAccountClass.
>>>
>>> How is GlAccountType used and where?
>>>
>>> Thanks,
>>> -Aswath
>>>
>>
>>
>