Understanding Account Structure Revisions

Due to an increase in the volume of transactions to particular accounts, a company merger, or a management decision to change financial reporting, you might need to change the chart of accounts for your company. This task might involve:

• Creating new business units and moving existing account detail and balances to the new business units.

• Creating new object or object.subsidiary accounts under an existing or new business unit, and moving existing account detail and balances to the new object.subsidiary or business unit.object.subsidiary.

• Moving existing business units from one company to another.

If you decide to change your company account structures, you might need to set up new business units or revise the current ones. When you restructure your accounts, you can change the business unit, object, or subsidiary number in any of these ways:

• You can change a single account within a business unit. For example, if you need to change an account, you can change the object and subsidiary only. You can use the Business Unit and Account fields to locate information.

• You can change a single account by object. For example, assume that for all business units, you need to change object account 5010 to 5015. You can change an object account to a new object or object.subsidiary. You can also change the business unit, object, or subsidiary for one or many business units, objects, or subsidiaries at one time.

• When you need to change a single account number, you can change the business unit, object, and subsidiary for an account at one time.

You can also globally change any of this information:

• Business units, from one business unit to another.

• Object accounts, from one object account to another.

• Subsidiaries, from one subsidiary to another.