![]() ![]() Select the ACTIONS tab in the ribbon at the top of the Chart of Accounts window. Microsoft Dynamics NAV – Chart of Accounts with correct structure, wrong indentationīoth new accounts are still not indented, and field Totaling does not contain a formula. In the same way as above, create a new G/L Account 11610 Checking Accounts, Total and select the Account Type End-Total. We have a new Begin-Total account without a corresponding End-Total account. The first thing you notice is that the new account is not indented. Microsoft Dynamics NAV – Chart of Accounts with wrong indentation The G/L Account Card closes and you see the Chart of Accounts again. In field Account Type: select the value Begin-Total and click OK. Give the new account the name Checking Accounts. A new, blank, G/L Account Card opens: Microsoft Dynamics NAV – G/L Account Card for Begin-Total The goal of this excercise is to add a structure to the liquid assets section, reporting petty cash and checking accounts separately.Ĭlick the New button in the top left corner of the Chart of Accounts window. Let us assume you want to use this Chart of Accounts as a basis and extend it. How to add Structure to the Chart of Accounts ![]() The system will not allow you to post any transactions to any account that appears in bold in the Chart of Accounts. Because the Account Type is not Posting, account 11700 Liquid Assets, Total cannot have its own ledger entries. How does this structure work? The formula 11100.11700 in column Totaling indicates that account 11700 Liquid Assets, Total shows the sum of of all liquid assets accounts. When you take a first look at this demo company, you can see the Chart of Accounts has a structure where accounts are indented, and headers and totals show in bold print: Microsoft Dynamics NAV – Chart of Accounts – before indenting When you install Microsoft Dynamics NAV you can start with a blank sheet and set up your own Chart of Accounts from scratch, or you can use the Chart of Accounts of the CRONUS demo company as a basis and modify it. You will see how the Chart of Accounts can be structured, and how a well thought out structure can greatly help with basic financial reporting. This presentation is a short introduction to the Microsoft Dynamics NAV Business Central Chart of Accounts.
0 Comments
Leave a Reply. |