Chart of accounts for Spain

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Posted on by Michael agostini

Dear Dynamics 365 finance community

We have a situation where we have several US legal entities, one legal entity for Spain, and one for Bangladesh.

I believe the US and Bangladesh chart of accounts can be shared with some overrides. This would be a conventual chart with 1 assets 2 liability etc.

I am wondering if there is a way to use this conventual chart but at the same time meet the Spanish (Spain) GAAP reporting requirements. Or is it better to use the French statuary chart of accounts and use the consolation feature to map it back to the other chart of accounts .

Thanks

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saurabh bharti 15,039 Moderator on at

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I would suggest to use Statuary chart of account and use consolidation for further reporting.

Because if you use same COA , again you might need go work on several things to achieve GAAP requirements.

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Bharath jain 1,443 Super User 2025 Season 2 on at

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Hi Michael,

As Saurabh suggested, it's better to use a statutory chart of accounts and than use online consolidation to map it back to other Chart of accounts.

Regards,

Bharath Jain

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Ludwig Reinhard Microsoft Employee on at

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Hello Michael,

Can you explain why you want to use the French statutory account for your Spanish legal entity?

I would expect that you use a local Spanish CoA for this entity and map it to your group CoA that you use for the US and Bangladesh entities.

Best regards,

Ludwig

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Michael agostini on at

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I had a type should read Spanish not French.

Thanks

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