Analytical Ledger Setup

Several 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.
  2. On the General tab, select Use Analytical Ledger.

    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.

  3. Save the form.
  4. Open the Chart Of Accounts form.
  5. Select Analytical in the Account Type field for each new account.
  6. For each of these forms and fields, specify an analytical account:
    • 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
    • Departments form, Direct Labor Applied Acct field, Fixed Ovhd Applied Acct field, Var Ovhd Applied Acct field
  7. Save.