Understanding Correspondence of Accounts Setup

You set up the correspondence accounts, rules, and methods for all accounts in your chart of accounts for which you must have corresponding accounts.

Note: This document describes how to set up and use correspondence accounts within the JD Edwards EnterpriseOne system. It does not provide legal advise on the legal requirements. You must verify the requirements for these accounts with the government office responsible for publishing the requirements.

To set up correspondence of accounts, you use the Correspondence Account Setup program (P74R9001) to:

• Specify how the system generates correspondence accounts.

• Associate batch types and document types to the method by which the system processes corresponding accounts.

• Define correspondence rules by associating debit accounts to credit accounts.

When you set up your chart of accounts for correspondence, you:

• Must have the chart of accounts for all companies defined in the same way, such as all companies using the standard account setup, or all using the same statutory category code.

  You can use the standard account setup of object.subsidiary, or use account category codes 21, 22, or 23 to set up your chart of accounts.

• Must have the same fiscal date pattern set up for all companies.