Account structures consist of main accounts and can include financial dimension segments. The account structures are used to define the valid combinations, which together with the main accounts, form a chart of accounts. The account structures allow you to define the sequence for the entry of the main account and financial dimension.
NOTE: It is not required that the main account be the first segment in the account structure. However, it is required to be a segment in the account structure
Configure Account Structures
Perform the following steps to configure account structures
1.Open General ledger, click Chart of accounts, and then Configure account structures.
2.Click the New button to create a new record.
3.Click Add segment to add financial dimension to the structure from the list.
4.Click Validate to check if you created a valid combination of financial dimensions.
5.Click Activate once the validation is complete.
6.Save the record and close the form.
Thursday, February 2, 2012
Tuesday, January 24, 2012
Chart of Accounts in AX 2012
The Chart of Accounts in AX 2012 consists of the following components
1. Main Account
2.Account Structure
3.Dimensions
4.Ledger Alias
Main Account:
The main account is the equivalent of the 2009 chart of account details, i.e the general ledger account. Main accounts contain account structures which define valid combinations of accounts and financial dimensions.
Create Main Accounts
To create main accounts associated with a specific chart of accounts, click on the Main accounts FastTab and perform the following steps:
1. Click New to create a new line, click the New from template to use a template set up in the Main account templates form.
2. Enter an account number in the Main account field and enter an account Name.
3. Select either Chart of accounts or Companies in the Select the level of main account to display field.
Chart of accounts: Selecting this provides setup for the main account for the chart. It will be the shared setup.
Companies: Selecting this provides the means to override specific data at the company level, such as active from/active to dates. Also to set up company specific data such as default sales tax codes, default dimensions and financial statement formatting.
Main Account Information
1.Select Main Account Type
2.Debit and Credit Considerations
3.Selecting Related Accounts
4.Allow Manual Entry
Main Account Setup Information
1.Create a New Main Account - Validation Options
2.Create a New Main Account - Validate Currency
3.Create a New Account - Validate User
1. Main Account
2.Account Structure
3.Dimensions
4.Ledger Alias
Main Account:
The main account is the equivalent of the 2009 chart of account details, i.e the general ledger account. Main accounts contain account structures which define valid combinations of accounts and financial dimensions.
Create Main Accounts
To create main accounts associated with a specific chart of accounts, click on the Main accounts FastTab and perform the following steps:
1. Click New to create a new line, click the New from template to use a template set up in the Main account templates form.
2. Enter an account number in the Main account field and enter an account Name.
3. Select either Chart of accounts or Companies in the Select the level of main account to display field.
Chart of accounts: Selecting this provides setup for the main account for the chart. It will be the shared setup.
Companies: Selecting this provides the means to override specific data at the company level, such as active from/active to dates. Also to set up company specific data such as default sales tax codes, default dimensions and financial statement formatting.
Main Account Information
1.Select Main Account Type
2.Debit and Credit Considerations
3.Selecting Related Accounts
4.Allow Manual Entry
Main Account Setup Information
1.Create a New Main Account - Validation Options
2.Create a New Main Account - Validate Currency
3.Create a New Account - Validate User
Subscribe to:
Posts (Atom)
Posts
