Account classes (GL202000)

This topic gives you information about the elements that you find in this window in Visma Net, such as fields, field values, buttons, and check boxes.

By using this window, you can create new account classes and maintain the list of account classes in the system.

There is no specific logic associated with account classes; these user-defined classes are used as properties of general ledger accounts for convenient grouping, sorting, and filtering of information associated with general ledger accounts in reports and inquiries.

For example: Liability accounts can be divided into several classes, such as the following:

• Current liabilities, Supplier ledger
• Current liabilities, Wages payable
• Current liabilities, Interest payable
• Long-term liabilities, Bonds payable
• Long-term liabilities, Mortgage loan payable

The table

Column	Description
Account class ID	An alphanumeric string of up to 10 characters identifying the account class. Follow appropriate internal agreements before naming account classes; the ID cannot be changed in the future.
Type	The type of the accounts in this class, which is one of the following four types: Asset, Liability, Income, or Expense.
Description	A description of the account class. An alphanumeric string of up to 30 characters may be used. This field supports the multi-language functionality, where you can translate the entered text to multiple languages. For more information, see:About multi-language support