Understanding Alternate Charts of Accounts

Some businesses need an alternate way to set up a chart of accounts. For example, some countries require businesses to submit reports using a government-defined (statutory) chart of accounts. You can use account category codes to set up an alternate chart of accounts that accommodates government requirements.

Using an alternate chart of accounts, you can:

Roll up (summarize) accounts.
Display subtotals.
View several companies at one time.
View accounts that make up an alternate account.
View different levels of detail in other JD Edwards EnterpriseOne inquiry programs.

You can display account balances by alternate or statutory accounts from the F0902 table. To do this, use one of the category codes that are set up for a statutory chart of accounts.

An account category code indicates your statutory account number and the category code description indicates the account description. You can assign one or more alternate account numbers to category codes 21, 22, and 23 (UDC 09/21–09/23). These category codes allow up to 10 characters.

The system rolls up accounts that are based on the digit that you specify. All accounts in which the digit matches are rolled together. For example, if you specify the third digit, then accounts from 1040000 through 1049999 are rolled together.

You can review alternate accounts and account ledgers for one category code at a time. You specify the category code in the processing options.

You can also review alternate accounts by company or organization structure, and you can review their balances online by company or organization structure. By doing this review, you can see several companies that comprise one legal entity.