This is the description used for the fiscal year, which may vary depending on the company or fiscal year.

The setting determines whether a ledger account is part of the balance sheet or the profit and loss account. You can create balance sheet accounts for debts and property, and you can create profit and loss accounts for income such as revenues and expenses such as salaries.

If the ledger account is categorized as a ‘summary account’, you can use this section to specify the type of summary account.

You have the option to use a different currency code for the ledger account in addition to the basic currency. The amounts deposited into the ledger account are then displayed in both the basic currency and in this currency.

You can use this to block the ledger account for manual entries. If the field is activated, only entries through automatically created journal entries are possible.

You can use this to block the ledger account for all entries.

If you select this check box, and create a new fiscal year based on the previous fiscal year, the ledger account will not be created in the new fiscal year.

You should activate this field if you would like to be able to match amounts from the ledger account.

This setting determines whether the ledger account is listed on the debit or the credit side in reports.