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Control accounts are created when VisionVPM is initially set up. They should not be changed without advice from VisionVPM because the links between the various transactions and these control accounts may be affected. The accounts that are listed in Account Defaults are classified as control accounts. These can be viewed by going to Main menu > Maintenance module > Maintenance menu > Account Defaults.
VisionVPM posts activity against control accounts each time a transaction occurs. For example, when a client invoice is created, an entry is posted to the Debtor Control and GST Control accounts.
The following are the important VisionVPM control accounts:
Debtor control |
Sales Control |
Syndicate holding |
Creditor control |
Discount received |
EFTPOS holding |
Stock on hand |
Interest |
Goods Receipt |
Cost of sales |
Unders & overs |
Account Fees |
Default till |
Cash Sale |
Interest A/c |
Default safe |
Stock adj. |
Bad debt |
Default bank |
Stock Wastage |
GST control |
See Also |