Chart of Accounts setup

Once the structure of the Chart of Accounts has been setup you can enter the information for the Chart of Accounts.

There are two general phases here:

Ø        set up the segments

Ø        generate Accounts for valid combinations of selected segments

If you have only the Financial segment and do not have any other segments such as Departments, Divisions or Funds etc. then set up all the Financial segments and then generate Accounts for all Financial segments.

When other segments are applicable, such as Departments,  Divisions or Funds you  would typically set up all the segment records and then generate the appropriate Accounts based on valid combinations of selected segments.

Use the Chart of Accounts maintenance task to set up segments and generate Accounts.