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Account Master

In account master, you can add, update and delete information about account data. You can add new account information. You can update account name, account type, P/L balance sheet group. You can set sub account and cost center support. You can set default cost center code and currency. You can delete account in account master by selecting your desired account.

 

Adding new Account in Account Master.

To add new “Account” in “Account Master” , click on the “Financial Accounting”, then “Masters”, then click “Account Master”. Account master page will be displayed.

Click on “Add New” button on top of account master page then right section will be enabled to enter new account information.

Click “Manage Name” icon will enable you to select language in pop-up. Enter name in “Account Name” input box in your desired language.

Click in “Account Type” input box will display drop down list against your search. Select your desired account type.

Then click in “P/L Balance Sheet Group” input box will display drop down list against your search. Select your desired P/L balance sheet.

To enable that account to add sub accounts, check the “Sub account support” check box.

Click “Save” button to save the information.

 

Adding Sub Account in Account Master.

To add “Sub Account” in “Account Master” , click on the “Financial Accounting”, then “Masters”, then click “Account Master”. Account master page will be displayed.

Enter account code in “Account code” or select the account in list bar in which you want to add sub account. Click on “Add New” button on account master page.

Click “Manage Name” icon will enable you to select language in pop-up. Enter name in “Account Name” input box in your desired language.

Click in “account Type” input box will display drop down list against your search. Select your desired account type.

Then click in “P/L Balance Sheet Group” input box will display drop down list against your search. Select your desired P/L balance sheet.

To enable that account can add sub account, check the “Sub account support” check box. If you don’t want to enable to add sub account, uncheck “Sub Account Support” check box and follow the procedures mentioned below.

Click in “Default Currency” input box will display different currencies in drop down list .Select the desired currency. 

Check the “Cost Center Support” check box to link the cost center with account. Then click in “Default Cost Center Code” input box will display different cost centers. Select the desired cost center will be displayed in “Default Cost Center Name” input box.

Click “Save” button to save the information on account master page.

 

Nested levels allowed in financial accounting. 

You can add 9 nested levels (1account, 8sub accounts). To add sub accounts in an account, click on the “Financial Accounting”, then “Masters”, then click “Account Master”. Account master page will be displayed.

Enter account code in “Account code” or select the account in list bar in which you want to add sub account and click on “Add New” button on account master page.

You can set up to maximum 9 nested levels.

 

Setting Account type in Financial Accounting. 

To set “Account type”, click on the “Financial Accounting”, then “Masters”, then click “Account Master”. Account master page will be displayed.

Enter account code in “Account code” or select the account in list bar in which you want to set account type.

Click on “Account Type” box will be filled with your search. Select the desired account type in the list bar.

Click “Save” button to save the information.

 

Deleting Account in Financial Accounting.

To “delete account”, click on the “Financial Accounting”, then “Masters”, then click “Account Master”. Account master page will be displayed.

Enter account code in “Account code” or select the account in list bar then click on “Delete” button on the account master page.

The prompt dialog will be shown for confirmation.

Click “Yes” button to delete account.

 

Setting  Cost Center Support in Financial Accounting.

To set “Cost Center Support”, click on the “Financial Accounting”, then “Masters”, then click “Account Master”. Account master page will be displayed.

Enter account code in “Account code” box or select the account in list bar in which you want to set cost center support, then click “Update” button.

Check “Cost Center Support” checkbox to link the account with cost center. Then click in “Default Cost Center Name” will let you select cost center. Please uncheck “cost Center Support” box to unlink the account with cost center. Then already linked cost center will be removed.

Click “Save” button to save the information.

 

Setting  Account Currency Type in Financial Accounting.

To set “Account Currency Type”, click on the “Financial Accounting”, then “Masters”, then click “Account Master”. Account master page will be displayed.

Please enter account code in “Account code” box or select the account in list bar in which you want to set currency type.

Click in “Default Currency” box will enable you to select currency type.

Click “Save” button to save the information.

 

Setting New Cost Center in the Financial Accounting.

To set “New Cost Center”, click on the “Financial Accounting”, then “Masters”, then click “Cost Centers”. Cost centers page will be displayed.

Click on “Add New” button on the cost centers page.

Check/uncheck “Add this item at Root” to add/remove this item at root.

Enter cost center name or click in “Cost center name” input box then cost center name list will be drop down. Select your desired cost center name. If you want to enter cost center name in your desired language then click “Manage Name” icon will enable you to select language in pop-up. Enter cost center name in your desired language.

Click “Proceed” button.

Click “Save” button on the top of cost center page to save the information.

 

Setting Sub Cost Center Support in Financial Accounting.

To set “Sub Cost Center Support”, click on the “Financial Accounting”, then “Masters”, then click “Cost Centers”. Cost centers page will be displayed.

Enter the cost center code or select the cost center from the list. Click on “Update” button the cost centers page.

To make that cost center link/unlink with sub cost center support by checking/unchecking “Sub cost center support” check box.

Click “Save” button to save the information.

 

Deleting Cost Center in Financial Accounting.

To “Delete Cost Center”, click on the “Financial Accounting”, then “Masters”, then click “Cost Centers”. Cost centers page will be displayed.

Enter the cost center code or select the cost center from the list. Click on ” Delete” button on the cost centers page.

A prompt dialog will be shown for confirmation.

Click “Yes” button to delete the information.

 

Setting  Account Opening Balance in Financial Accounting.

To set “Account Opening Balance”, click on the “Financial Accounting”, then “Masters”, then click “Opening Balances”. Opening balance page will be displayed.

Click on “Update” button on the opening balance page.

Enter account name in “Account name” input box then click “Search” button. Search Results drop down list will be filled with results against your search, then select the account from “Search Results” drop down list then selected account information will be shown.

Click “Save” button to save the information.

 

Setting Opening Balances of All Accounts in the Financial Accounting.

To set “Opening Balances” of “All Accounts”, click on the “Financial Accounting”, then ”Masters”, then click “Opening Balances”. Opening balance page will be displayed.

Click on “Update” button on the opening balance page.

Enter date in “Account Starts On” box then click “Show All Accounts” button will enable you to set opening balances of all accounts.

Click “Save” button to save the information.

 

Setting Previous year Account Balance in Financial Accounting.

To set “Previous year Account Balance”, click on the “Financial Accounting”, then “Masters”, then click “Previous year Balance”. Previous years balance page will be displayed.

Click on “Update” button on the previous year balance page.

Enter name in “Account name” input box and click Search button. Search Results drop down list will be filled with results against your search, then select the account from “Search Results” drop down list and account info will be shown. Please set the previous year account balance.

To set account balance of all accounts, enter date in “Balance As On” input box then click “Show All Accounts” button.

It will display the previous year balance of all accounts. Set account balance of desired accounts.

Click “Save” button to save the information.

 

 

 


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