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What is normal balance in Account Master
What is normal balance in Account Master
Description of Issue
What is Normal balance in Account Master?
Context
- Account Master
- Chart of Accounts
Cause
The Normal balance field was blank, and user was unsure of what it required.
Resolution
In Account Master, the Normal balance field is an optional field that is definable when the Account type is set to Balance Sheet.
This field indicates whether the normal balance on this account is a debit or a credit balance.
To Update in Account Master:
- Click Search
- Enter Account Code information
- Click Accept
- Click Update
- Click the drop down for Normal balance
- Click the appropriate option (Debit or Credit)
- Click Accept
Additional Information