Creating charts of accounts

Create a hierarchical chart that represents the structure of the financial reports that you want to produce, and associate posting accounts to appropriate levels. You can create multiple charts for multiple reporting bases. One chart of accounts must be an enterprise chart that is used as the default when a chart is not selected.

  1. Select Financials > Global Ledger > Setup > Finance Enterprise Group > Maintenance.
  2. Open the finance enterprise group and click the Chart tab.
  3. Click Create.
  4. Specify this information:
    Chart
    Specify the chart name.
    Description
    Specify the chart description.
    Effective Date
    Specify the effectivity date of the chart. If you leave this field blank, then the current date is used.
    Enterprise Chart
    If you want this chart to be the enterprise chart for the finance enterprise group, then select this check box.
  5. Click Save.
    The Hierarchy tab is now available.