Chart Of Account Sample 1,2,3

The account segment is your company's Account number structure, the segment design needs to meet the requirements of your company now and in the future.

We have done some following exmaple to help you in designing your account segment.

Sample 1
ABC Industries operates two locations and has four sales departments. They have the following accounts setup:

Base on the structure above, consists of 12 characters and 3 segments
500000 will be the main account,
100, 200 will be the location
001,002,003,004 will be the department  
 
 
Sample 2
The following account number consists of 12 characters and 4 segments:
Sample : 85000.125.ABC.1.
The breakdown of the account structure is:

85000 Main Account
125 Department
ABC Job
1 Company

Sample 3
The following account number consists of 8 characters and 4 segments,
sample : 3/780/12/09.
The break-down of the account structure is:

3 Store
780 Base Account
12 Profit Center
09 Region

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ERP Data Conversion

When you have figured out approximately how many records will need to be converted, the Partner can give you an estimate of the amount of time involved.

To Save $: Some companies find that hiring a temp worker or intern to manually enter information into the new system is a less expensive alternative.

Sample multiple segment GL

We provide the below sample of multiple segment Chart of Account on General Ledger Report.

General Ledger

GL Summary
GL Detail
GL with Running Balance

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Sample multiple segment COA

A company's organization structure can serve as the outline for its accounting chart of accounts.
For example, if a company divides its business into ten departments (production, marketing, human resources, etc.), each department will likely be accountable for its own expenses (salaries, supplies, phone, etc.). Each department will have its own phone expense account, its own salaries expense, etc.

Sample Chart of Accounts For a Large Corporation


Industry Considerations

1.Manufacturing/Services
XX- XXX-XXXX-XXX-XXX-XXX
Company-Cost Centre-Account -Product- Product Line- Sub Account

2.Distribution (News)
XX-XXXXXX-XX-XXX-XXXX
Division-Account-Region-Story-Distribution

3.Projects
XXX-XXXXX-XXX-XXXX-XX
Company-Account-Department-Project-Project Type

The reporting flexibility allows users to modify a number of control fields on standard reports allowing for quick customization to fit your organization’s needs.

Your organization can quickly produce presentation-quality financial statements and analysis reports for your board, auditors, management, and other users of financial information.hence this satisfy more complex reporting requirements.

We provide the report examples for your further understanding on the Chart of account segment.

Trial Balance
Summary Trial Balance
Detail Trial Balance Sorted by Fund
Detail Trial Balance Sorted by Cost Center 3

Statement of Revenue and Expenditures
P and L-Multiple Cost center.pdf
P and L-Multiple Cost center1.pdf


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ERP Data Conversion

Data Conversion: Moving a Rock versus a Mountain

The “X” factor (or big unknown) in any services quote is data conversion. Companies often overlook this and end up with a big, fat bill they didn’t expect.

The most obvious way to minimize your costs for data con-version is bring into the new system only data you need to use often. Remember, even if you choose not to convert some data, you’re not losing it forever.

If you’d like to refer back to historical information such as invoices and AP history, you can keep hard copies of reports, or you can choose to keep the old system “alive” even after you switch to the new system.

To Save $ : One way to save money is to convert data from the old system at a summary level instead of a detailed level. For example, convert a summarized open invoice as BF figure for an entire month’s activities instead of bringing over open invoice entry for the month.

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