Setting Up an Account

Access the Revise Single Account form.

Account Level of Detail

Enter a number used to summarize and classify accounts in the GL. Level 9 is the most detailed and Level 1 is the least detailed. Levels 1 and 2 are reserved for company and business unit totals. Levels 8 and 9 are reserved for posting accounts in the Job Cost system. Examples of the other levels are:

3: Assets, Liabilities, Revenues, Expenses.

4: Current Assets, Fixed Assets, Current Liabilities, and so on.

5: Cash, Accounts Receivable, Inventories, Salaries, and so on.

6: Petty Cash, Cash in Banks, Trade Accounts Receivable, and so on.

7: Petty Cash - Corporate, Petty Cash - Branch, and so on.

Do not skip levels of detail when you assign a level of detail to an account. Nonsequential levels of detail cause summarization errors in financial reports.

Budget Pattern Code

Enter a unique three-character code that identifies a seasonal pattern. The system uses this code to calculate budget amounts for an accounting period. For example:

DNS: Do not spread annual budget among the months. You cannot set up or change this code; it is defined as part of the system.

Blank: Spread annual budget evenly across all months. (Blank works this way unless your company changes it to mean otherwise.)

***: Represents a blank value.

SUM (summer): Spread according to user-specified percentages.

WIN (winter): Spread according to user-specified percentages.

Model Account/Consolidations

Enter a code that indicates consolidated account or business unit. Values are:

Blank: Non-model business unit or account.

M: Model business unit or account.

C: Consolidated business unit or account. This is a program-generated (P10862) value and is not user-accessible.

Adjustment Entry

Select this check box to restrict the business unit and all associated accounts to adjustment entries only. This check box allows you to post adjusting entries for journal allocations, reburdening, and so on, to accounts that might otherwise be closed for regular transactions.

You define the document types that qualify as adjustment entries in UDC table 09/AA.

Account ID

Enter a number that the system assigns to each GL account in the F0901 table to uniquely identify it.