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Add a Legal Ledger Type
Use the Legal Ledger Types panel to add a legal ledger type.
To add a legal ledger type
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In the Navigation pane, click System Codes and Settings > Financial > Legal Ledger Types.
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Click the plus sign (+). A blank row appears in the data grid.
Code: Unique code that identifies the legal ledger type.
Description: Description of the legal ledger type.
Is a Debit: If selected, the legal ledger type represents a debit transaction. If cleared, transactions assigned to this legal ledger type apply as a credit. These transactions do not affect the account balances in Latitude.
Is Invoiceable: If selected, the legal ledger type represents a transaction that you can invoice. These transactions appear on a separate Exchange AIM invoice. These transactions do NOT appear on standard Latitude invoices.
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Complete the information and then click the check mark.