Multi-level/national/double chart of accounts structure
Multi-level structures are required mainly in countries that require a legal chart of accounts (COA). Typically, in this scenario, an additional COA is required, for example, an analytical or corporate COA. Multiple account books are maintained in parallel for the multiple COAs. The legal chart might follow the secondary chart in the COA sequence, or vice versa.
Parallel currency accounting, also known as multi-base currencies or dual currencies, can include examples such as local GAAP, corporate reporting, and functional accounting. In this case, the base currencies are additional to the multiple transaction currencies. Any or all of these can be different for each of the base currencies: accounting calendar, chart of accounts, revaluation rules, and year-end adjustments.
Chile specifics
The definition of a chart of accounts by the SII does not mean that the taxpayer must use this chart of accounts in their accounting, or in the issuance of the Journals and Account statement reports in the electronic format.
The aim is that all financial accounts that the taxpayer has defined are related to the accounts that SII has established.
This relationship is established through the Dictionary of Auditors in a digital file that is sent annually to the SII.