General Ledger Integration Setup
DebtCol does handle all your billing and trust management, but it is not a general ledger. So exporting your financials into MYOB or Xero will save you double-keying.
Tools > Accounts Setup > General Ledger Codes
DebtCol does not have a general ledger for accounting purposes so we allow integration into MYOB or Xero for this purpose.
You must first create your account codes in MYOB/Xero for your income and bank account codes for operating account and trust account and its related liability account. Once these have been created in MYOB/Xero you can create them here in DebtCol.
Creating a new General LedGer Code
A General Ledger code must be unique. Enter your new General Ledger code in the "Code" field, or choose it from the drop-down list.
IMPORTANT: The code should be identical to the code created in MYOB/Xero.
Describe the General Ledger code where indicated.
Tip: The MYOB/Xero codes should then be linked to their respective Transaction Type code.