I may be asking an accounting question rather than a DBA question, but I'm new to DBA and Accounting so bear with me!
 
I have numerous GL transactions that are in my 99999 account - they range from inventory that I have received in and invoiced, in addition to items sold to customers.   What accounts do I put items such as inventory in?   (GL Acct. COGS or GL Acct Inventory)?  
 
I know that before I can post any of my RS and RP's, I have to remove all of these items from the 99999 account.  
 
This may be simple, but I feel overwhelmed right now.  Any assistance is appreciated!   Thanks in advance!

Hi,
If you have GL Posting turned on, you should have all of these assigned to Acct #'s, as there are many entries for each transaction. Inventory Class Defaults are set up in MM-A
Items sold to customers & invoiced post to the  Accts Recv, Inventory & COGS Accts. Purchase Orders post to  Accts Payable, Rcvd not Invoiced & Inventory Asset Accts.  
Ragine