Managing the Chart of Accounts

Maria, the accountant at OEC computers, tells you she needs to change the details and position of some accounts and that she also has new G/L accounts she needs to add to the Chart of Accounts. Watch the video to learn how to make these changes.

• In the chart of accounts, you can:
  • Edit G/L account details, such as external code, default VAT group, and position within the chart of accounts hierarchy.
  • Create new G/L accounts at the same level or sublevel of an existing account.
  • Define relevant account information, properties, and details when creating a new G/L account.
• Green accounts are defaults defined in the G/L Account determination window.
• The chart of accounts structure determines the order of accounts in financial reports.