Chart of Accounts File - Revision history

Arvind at 13:08, 13 August 2018

2018-08-13T13:08:19Z

← Older revision		Revision as of 13:08, 13 August 2018
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	====Heading/Account Name====		====Heading/Account Name====

	~~Heading can~~ be ~~changed later~~.		Account name or account group heading.

			If account group heading, then accounts created below this heading need to be indented to indicate that they belong to this group heading.

	====Account Code====		====Account Code====
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	====Summary====		====Summary====

	Select Yes to omit subsidiary charts from the top level GL Trial Balance report. A subsidiary ~~chart contains accounts is used to track information at a very detailed level for certain types of transactions, such as include WIP, Media Accruals, Trade Debtors and Creditors.~~		Select Yes to omit subsidiary charts from the top level GL Trial Balance report. Refer to [[Showing_subsidiary_charts_in_the_main_trial_balance \| subsidiary charts in the main trial balance]]

	====Original A/c Code====		====Original A/c Code====
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	====Closing A/c Code====		====Closing A/c Code====

	Used to declare which closing account ~~will be used to record~~ the balance of that account at the end of year.		Used to declare which closing account the closing balance of that account will be transferred to at the end of the year.

Arvind: /* Tax Code */

2018-08-13T12:51:08Z

Tax Code

← Older revision		Revision as of 12:51, 13 August 2018
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	====Tax Code====		====Tax Code====

	Set default tax code used in journal entry ~~and if changed by the user, the user will not not warned~~.		Set the default tax code to be used on schedule files, estimate files, PO files and in journal entry.

	====Summary====		====Summary====

Gregory: /* Chart of Account Attributes */

2018-08-13T12:42:22Z

Chart of Account Attributes

← Older revision		Revision as of 12:42, 13 August 2018
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	====Heading/Account Name====		====Heading/Account Name====

	~~Self Explanatory &~~ can be changed later.		Heading can be changed later.

	====Account Code====		====Account Code====

	~~Self Explanatory.~~ Remember NEOSYS coding convention described in [[Using_NEOSYS_Generally#Codes_in_NEOSYS \| Codes in NEOSYS]]		Remember NEOSYS coding convention described in [[Using_NEOSYS_Generally#Codes_in_NEOSYS \| Codes in NEOSYS]]

	====Main Currency====		====Main Currency====
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	====Tax Code====		====Tax Code====

	Set default tax code and user not warned.		Set default tax code used in journal entry and if changed by the user, the user will not not warned.

	====Summary====		====Summary====
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	====Closing A/c Code====		====Closing A/c Code====

	Used to declare ~~what~~ closing account will be used record the balance of that account at the end of year.		Used to declare which closing account will be used to record the balance of that account at the end of year.

Gregory: Removed croppred image ref

2018-08-13T12:39:22Z

Removed croppred image ref

← Older revision		Revision as of 12:39, 13 August 2018
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	[[image:ChartofAcounts.jpg]]		[[image:ChartofAcounts.jpg]]

	===Chart of ~~Accounts~~===		===Chart of Account Attributes===
	~~[[image:Chart of Account Attributes.jpg]]~~

	====Heading/Account Name:====		====Heading/Account Name====

	Self Explanatory & can be changed later.		Self Explanatory & can be changed later.

	====Account Code:====		====Account Code====

	Self Explanatory. Remember NEOSYS coding convention described in [[Using_NEOSYS_Generally#Codes_in_NEOSYS \| Codes in NEOSYS]]		Self Explanatory. Remember NEOSYS coding convention described in [[Using_NEOSYS_Generally#Codes_in_NEOSYS \| Codes in NEOSYS]]

	====Main Currency:====		====Main Currency====

	Set default currency used in journal entry and if changed by the user, the user will be warned.		Set default currency used in journal entry and if changed by the user, the user will be warned.

	====Tax Code:====		====Tax Code====

	Set default tax code and user not warned.		Set default tax code and user not warned.

	====Summary:====		====Summary====

	Select Yes to omit subsidiary charts from the top level GL Trial Balance report. A subsidiary chart contains accounts is used to track information at a very detailed level for certain types of transactions, such as include WIP, Media Accruals, Trade Debtors and Creditors.		Select Yes to omit subsidiary charts from the top level GL Trial Balance report. A subsidiary chart contains accounts is used to track information at a very detailed level for certain types of transactions, such as include WIP, Media Accruals, Trade Debtors and Creditors.

Gregory: Update Main Chart of Account Image Ref

2018-08-13T12:36:34Z

Update Main Chart of Account Image Ref

← Older revision		Revision as of 12:36, 13 August 2018
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	[[image:~~ChartofAccounts_2011~~.jpg]]		[[image:ChartofAcounts.jpg]]

	===Chart of Accounts===		===Chart of Accounts===

Arvind at 12:34, 13 August 2018

2018-08-13T12:34:23Z

← Older revision		Revision as of 12:34, 13 August 2018
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	[[image:ChartofAccounts_2011.jpg]]		[[image:ChartofAccounts_2011.jpg]]

	===Chart ~~Account Attributes~~===		===Chart of Accounts===
	[[image:Chart of Account Attributes.jpg]]		[[image:Chart of Account Attributes.jpg]]

Gregory at 12:27, 13 August 2018

2018-08-13T12:27:55Z

← Older revision		Revision as of 12:27, 13 August 2018
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	[[image:ChartofAccounts_2011.jpg]]		[[image:ChartofAccounts_2011.jpg]]

			===Chart Account Attributes===
			[[image:Chart of Account Attributes.jpg]]

			====Heading/Account Name:====

			Self Explanatory & can be changed later.

			====Account Code:====

			Self Explanatory. Remember NEOSYS coding convention described in [[Using_NEOSYS_Generally#Codes_in_NEOSYS \| Codes in NEOSYS]]

			====Main Currency:====

			Set default currency used in journal entry and if changed by the user, the user will be warned.

			====Tax Code:====

			Set default tax code and user not warned.

			====Summary:====

			Select Yes to omit subsidiary charts from the top level GL Trial Balance report. A subsidiary chart contains accounts is used to track information at a very detailed level for certain types of transactions, such as include WIP, Media Accruals, Trade Debtors and Creditors.

			====Original A/c Code====

			(TODO 13/9/18)

			====Closing A/c Code====

			Used to declare what closing account will be used record the balance of that account at the end of year.

Nikhil: Reverted edits by Nikhil (Talk) to last revision by Vineet

2014-06-04T12:15:21Z

Reverted edits by Nikhil (Talk) to last revision by Vineet

← Older revision		Revision as of 12:15, 4 June 2014
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	[[image:ChartofAccounts_2011.jpg]]		[[image:ChartofAccounts_2011.jpg]]

	~~==Chart of Accounts==~~

	Chart of accounts is the screen where the master chart of account i.e. <b>General Ledger (GL)</b> and all the subsidiary chart of accounts are defined. The GL contains control accounts and these accounts cannot be posted into except for one account <b>Retained Earnings Brought Forward</b>. “Retained earnings” is an account used as a closing account for subsidiary ledgers of PL.

	Balances of all subsidiary ledgers are totalled into control accounts. In a company, the main ledger does not have a control account and this is usually the GL. You may have different main ledgers for different companies, as long as the company code is entered.

	~~Chart of Accounts screen can be used to create subsidiary ledgers and accounts~~

	~~===Steps to create a new ledger===~~
	~~#Open Chart of Accounts screen under Menu>Finance>Ledger>Chart of Accounts File~~
	~~#Enter a chart code using standard 4 letter NEOSYS code system [http://userwiki.neosys.com/index.php/Codes_in_NEOSYS Codes in NEOSYS]~~
	~~#Enter the chart name~~
	~~#Enter company code if this ledger is specifically linked to a company (if there are more than one companies in the installation)~~
	~~#Enter control account to which the new ledger will be a subsidiary. Control account codes can be obtained by referring to the GL chart~~
	~~#Choose whether account is Open type or Balance forward. Accounts which have to show outstanding balances must be set as Open Item else set to Balance forward.~~
	#Choose whether outstanding must be shown as debits or credits. E.g. Asset ledgers like Trade debtors should be debit since unpaid client invoices are debits, liability ledgers like Trade creditors should be credit since unpaid supplier invoices are credits
	~~#If the ledger is a PL account then add the Retained Earnings account code in the closing account code field~~
	~~#Save the chart~~

Nikhil at 14:01, 3 June 2014

2014-06-03T14:01:25Z

← Older revision		Revision as of 14:01, 3 June 2014
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	[[image:ChartofAccounts_2011.jpg]]		[[image:ChartofAccounts_2011.jpg]]

			==Chart of Accounts==

			Chart of accounts is the screen where the master chart of account i.e. <b>General Ledger (GL)</b> and all the subsidiary chart of accounts are defined. The GL contains control accounts and these accounts cannot be posted into except for one account <b>Retained Earnings Brought Forward</b>. “Retained earnings” is an account used as a closing account for subsidiary ledgers of PL.

			Balances of all subsidiary ledgers are totalled into control accounts. In a company, the main ledger does not have a control account and this is usually the GL. You may have different main ledgers for different companies, as long as the company code is entered.

			Chart of Accounts screen can be used to create subsidiary ledgers and accounts

			===Steps to create a new ledger===
			#Open Chart of Accounts screen under Menu>Finance>Ledger>Chart of Accounts File
			#Enter a chart code using standard 4 letter NEOSYS code system [http://userwiki.neosys.com/index.php/Codes_in_NEOSYS Codes in NEOSYS]
			#Enter the chart name
			#Enter company code if this ledger is specifically linked to a company (if there are more than one companies in the installation)
			#Enter control account to which the new ledger will be a subsidiary. Control account codes can be obtained by referring to the GL chart
			#Choose whether account is Open type or Balance forward. Accounts which have to show outstanding balances must be set as Open Item else set to Balance forward.
			#Choose whether outstanding must be shown as debits or credits. E.g. Asset ledgers like Trade debtors should be debit since unpaid client invoices are debits, liability ledgers like Trade creditors should be credit since unpaid supplier invoices are credits
			#If the ledger is a PL account then add the Retained Earnings account code in the closing account code field
			#Save the chart

Vineet: Created page with 'image:ChartofAccounts_2011.jpg'

2011-12-15T11:41:49Z

Created page with 'image:ChartofAccounts_2011.jpg'

New page

[[image:ChartofAccounts_2011.jpg]]