Setup Chart of Account

Go to Chart of Accounts List than click [New] on the Action Bar.

Fill up the basic G/L Account information as below:

1. No.
2. Name
3. Income/Balance
4. Debit/Credit
5. Account Type

6. G/L Account Category / Account Sub-Category (optional)

   • User can set up account category for generate the account schedule for financial statements.
   • Top-level account category such as Assets, Liabilities, Equity, Income, COGS and Expenses are fixed. User can add or delete lower levels categories.
   • G/L Account Categories List
     • Select Edit List action to add or edit G/L account category.
     • Enter G/L Account No. in G/L Accounts in Category for setup the account directly.
7. Totaling - fill up if the account type is End Total.
8. Direct Posting - unselect for sub-ledger account (eg AR, AP, Bank etc)

Set default Dimension (if any)

• Select action button >  Account >Dimensions if need to setup default dimension for the G/L Account
• Select Dimension Code, then select dimension value
• For Value Posting, there are three options:
  for example,
  • Code Mandatory
    Must input a code for the dimension "PROJECT", system will auto fill in "TOYOTA", but user can change manually on journal lines
  • Same Code
    Must input the dimension value "SALES" under the dimension "DEPARTMENT"
  • (blank)
    System will auto carry the dimensions value "INDUSTRIAL" under the dimension "BUSINESSGROUP" to journal lines, but user can change manually on journal lines

Steps:

1. Use [Filter list by] to preview specific G/L account
2. Use [Filter totals by] to filter the balance by Global Dimension or Specific Date
3. Balance and Net Change
   • Balance is the total across accounting period.
   • Net Change is the total for date filter input in Filter totals by.