Pre-release - Finance: Enhanced Chart of accounts setup
Malene Hognaland Medhaug
started a topic
about 4 years ago
Classification: IMPORTANT
What has been changed:
New fields and capabilities are added to general ledger accounts.
It will now be possible to define a Parent account to be able to build a tree-structured chart of accounts.
It will be possible to define a category for a general ledger account. In the beginning, the following categories will be available: Bank, Fixed asset, Payables, Receivables.
It will be possible to define different account group codes and add general ledger accounts to them. This will be used as the base for the polish JPK_KR file.
ACG (former account group) has been renamed: Report Account Group. This is to distinguish it from the new account group code, and to better describe the purpose of the ACG application, as this is a tool for creating financial reports.
Why has this been implemented:
This implementation is done to better support international requirements, both with regard to international chart of accounts and government reporting.
How will this affect you as a user:
This should not affect current users in any way, as none of the new functionalities are mandatory to use. Some of the new fields will also not have any business logic in the beginning, as this is functionality we intend to build on in the long term.
We invite you to our webinar for the enhanced Chart of accounts setup. The webinar is scheduled for Monday March 1st 2021 10:00-10:30 CET.
Malene Hognaland Medhaug
Classification: IMPORTANT
What has been changed:
New fields and capabilities are added to general ledger accounts.
It will now be possible to define a Parent account to be able to build a tree-structured chart of accounts.
It will be possible to define a category for a general ledger account. In the beginning, the following categories will be available: Bank, Fixed asset, Payables, Receivables.
It will be possible to define different account group codes and add general ledger accounts to them. This will be used as the base for the polish JPK_KR file.
ACG (former account group) has been renamed: Report Account Group. This is to distinguish it from the new account group code, and to better describe the purpose of the ACG application, as this is a tool for creating financial reports.
Why has this been implemented:
This implementation is done to better support international requirements, both with regard to international chart of accounts and government reporting.
How will this affect you as a user:
This should not affect current users in any way, as none of the new functionalities are mandatory to use. Some of the new fields will also not have any business logic in the beginning, as this is functionality we intend to build on in the long term.
We invite you to our webinar for the enhanced Chart of accounts setup. The webinar is scheduled for Monday March 1st 2021 10:00-10:30 CET.
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Webinar date: March 1st 2021 10:00 CET
Release date: March 2nd 2021