Analytical Ledger Setup

Some European countries traditionally use two accounting systems, one which posts to the General Ledger and a second which posts to a separate Analytical Ledger. You can set up an analytical accounting system to track expense and revenue accounts.

To set up an Analytical Ledger:

  1. Open the General Parameters form and:
    • Select the General tab.
    • Select the Use Analytical Ledger check box.
    • Save the form.

    When you select this field, the system creates a separate Analytical Ledger and changes its journal posting and reporting mechanisms in important ways to support the second accounting system.

  2. Open the Chart Of Accounts form.

    Select Analytical in the Account Type field for each new account.

  3. For each of the following forms and fields, enter an analytical account:
    Note:  A labeled account field consists of a drop-down list that allows you to select the desired account number. For example, on the Project Parameters form, Default tab, the first labeled account field is Material.
    • Project Parameters form, Default tab, all labeled account fields
    • Purchasing Parameters form, Accounts tab, all labeled account fields
    • Product Codes form, all tabs except the General tab, all labeled account fields
    • Distribution Accounts form, all tabs, all labeled account fields
    • End User Types form, Cost Of Goods Sold tab, all labeled account fields
    • Employees form, General tab, Wage Acct field
    • Departments form:
      • Direct Labor Applied Acct field
      • Fixed Ovhd Applied Acct field
      • Var Ovhd Applied Acct field
    • Indirect Labor Codes form, Wage Acct field
    • Work Centers form, Costing tab:
      • Fix Mach Ovhd Applied Acct field
      • Var Mach Ovhd Applied Acct field
    • Accounts Payable Parameters form, Misc tab:
      • A/P Suspense field
      • A/P Unmatched field
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