Friday, September 10, 2010

Chart of Accounts

Chart of accounts of logismografiaImage via Wikipedia

Chart of Accounts

1. Common set of Accounts - accounting coding should be same, and then only you can compare and consolidate between company code or business areas.

2. Separate set of Accounts:

3. Group chart of Accounts:

            In this case you have to give 2 No (Company code Number + Group code Number)

          *Companies they follow common set of Accounts
Chart of Accounts name
Description
Maintenance language
Length of the Account Number à Max 10 digits
But companies are normally using 6 digits.
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