Group Accounts

You must add the required group accounts to a model manually, upload them from a file or import them from the related table of the integration database.

Each consolidation project must contain a functional chart of accounts. The chart of accounts must consist of at least these elements:

• A detailed structure of the profit and loss account with a defined top element
• A detailed structure of the asset part of accounts with a defined top element
• A detailed structure of the equity and liabilities part of accounts with a defined top element
• An element in equity that receives the total value of the profit and loss
• If foreign currencies are used, an account for the currency translation difference of the balance sheet
• If foreign currencies are used, an account for the currency translation difference of the profit and loss

Depending on your requirements, the chart of accounts can also contain these elements:

• An element for the cash flow
• A top element for transactions