Copy Ledger Accounts to Taxonomy Accounts (tfgld1271m000)

Field Information

Taxonomy

The code of the taxonomy.

Note: This value is defaulted from the Taxonomy field in the Taxonomy Accounts (tfgld1171m000) session.

Version

The version number of the taxonomy.

Note: This value is defaulted from the Version field in the Taxonomy Accounts (tfgld1171m000) session.

Ranges

Ledger Account

The From and To fields define a range of: ledger accounts that are copied to taxonomy accounts.

Sublevel

The From and To fields define a range of: sublevels of the ledger accounts.

Company

The From and To fields define a range of: companies linked to the ledger accounts.

Options

Accounting Scheme

The accounting scheme associated with the ledger accounts that are copied.

Allowed values

Statutory

A ledger account used for official accounting purposes according to legal requirements.

Complementary

A ledger account that you can use for the amounts that are complementary to the amounts in the statutory accounts. For example, you can link a statutory account and a complementary account to a parent account. If you print the Management report based on the parent accounts, on the report ERP LN adds the amounts in the complementary account to the amount in the statutory accounts.

Both

Delete records before copy

If this check box is selected, all the taxonomy accounts are deleted before the copy is done.

Rewrite existing records

If this check box is selected, the application overwrites the taxonomy code if a ledger account equals the existing taxonomy account code.

Note: 

• This field is enabled only if the Delete records before copy check box is cleared.
• The application clears this check box and is disabled if the Delete records before copy check box is selected.

Copy Parent/Child Structure

If this check box is selected, the parents are copied to the taxonomy accounts based on the parent-child structure defined in the Chart of Accounts (tfgld0508m000) session.

Copy to same Sublevels

If this check box is selected, the sublevels defined in the Chart of Accounts (tfgld0508m000) session are also copied to the taxonomy accounts.

Note: 

• This field is enabled only if the Copy Parent/Child Structure check box is cleared.
• The application selects this check box and is disabled if the Copy Parent/Child Structure check box is selected.

Add Default Ledgr/Dim Accounts

If this check box is selected, the default ledger account and dimension link which is defined in the Chart of Accounts (tfgld0508m000) session is added to the taxonomy account.

Accounts of specific Type

If this check box is selected, the application allows you to select accounting type.

Account Type

The type of ledger account that must be copied to the taxonomy account.

Allowed values

Balance Sheet

The account is used for transactions relating to the balance sheet items, that is the company's assets and liabilities. The value of the closing balance for a particular year, in relation to this type of account, is equal to the value of the opening balance of the next year for this ledger account.

Profit & Loss

The account is used for transactions relating to costs and revenues. No balance sheet values are calculated for the ledger accounts in this type of account. The values of these ledger accounts should be closed by the fiscal year.

Intercompany

The account is used for balance sheet accounts that include transactions between different companies controlled by the same holding company. This applies to transactions between companies in the same group and to transactions between companies from different groups.

Intersegment

Intersegment is required only when segment accounting is used. This ledger account is same as the intercompany account to balance the transactions between the segments.

Text

Accounts of this type are used to print text in a balance sheet. You must define a ledger account in which no transactions can be entered. If you select this ledger account during printing, LN prints the text you have defined for this account in the correct position.

Note: This field is enabled only if the Accounts of specific Type check box is selected.

Copy Intercompany Ledger accounts as

Indicates the method in which the taxonomy account must be handled which is copied from Intercompany ledger account.

Allowed values

Asset

Liability

Income

Expense

Intercompany

Intersegment

Text

Miscellaneous

Note: This field is enabled only if:

• The Accounts of specific Type check box is selected.
• The Account Type field is set to Intercompany.

Copy Intersegment Ledger accounts as

Indicates the method in which the taxonomy account must be handled which is copied from Intersegment ledger account.

Allowed values

Asset

Liability

Income

Expense

Intercompany

Intersegment

Text

Miscellaneous

Note: This field is enabled only if:

• The Accounts of specific Type check box is selected.
• The Account Type field is set to Intersegment.