Assign Default Offsetting Accounts
The Default Offsetting Accounts page allows authorized users to designate the account numbers to use as offsetting accounts, which are used as a checks and balances.
- Go to Maintenance > new world ERP Suite > Chart of Accounts > Default Offsetting Accounts. The list of required Default Offsetting Accounts appears on the screen.
NOTE: Be sure that the Accounts listed on this screen have been set up on the Account List page prior to completing this screen. 
These accounts include:
These accounts include:
- Accounts Payable
- Accounts Receivable
- Cash-Outgoing
- Cash-Incoming
- Due To
- Due From
- Fund Balance
- Prior Year Accounts Payable Account
- Retainage Payable
If the Company Suite Settings for Warrant Processing is selected, the following additional fields appear in this section.
- If the Warrant Processing Accounting Environment is Hit cash when warrants are issued, the "Offsetting Warrants Payable" and "Prepaid Warrants" fields are displayed. The label for each field is based on what the authorized user specified in the system setting.
- If the Warrant Processing Accounting Environment is Hit cash when warrants are redeemed, the "Warrants Payable" field is displayed. The label for the field is also based on what the authorized user specified in the system setting.
- In Accounts Payable, start typing the account number or account description. If the system recognizes the text, it will list values that match your entry. If needed, scroll through the list of accounts and select the appropriate entry.
- Repeat Step 2 for each of the Default Offsetting Accounts listed on the screen.
- Click Save to retain the entries selected.
Click Reset at any time to return to the previous state the page was in when the page was last saved.