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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:

  1. Click Search
  2. Enter Account Code information
  3. Click Accept
  4. Click Update
  5. Click the drop down for Normal balance
  6. Click the appropriate option (Debit or Credit)
  7. Click Accept
Additional Information