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Chart of Accounts looks upside down

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Posted on by RG-05092251-0 6
New to Dynamics 365 - In setting up our company, the preloaded chart of accounts  (numbers and names) looks like it is European style where the number order of the accounts on the balance sheet like Intangible assets, Land, etc. are the first items. My experience is that a US balance sheet usually starts with cash & liquid assets at top (not bottom).  Is there somewhere to reset the chart of accounts to a US layout? 
 
Thanks,
Rick
Categories:
Financial Management
  • Suggested answer
    YUN ZHU Profile Picture
    YUN ZHU 70,191 Super User 2024 Season 2 on at
    Chart of Accounts looks upside down
    This is decided by each company. I don't know where your template comes from. If you don't need it, you can delete it and recreate it.
     
    Hope this helps.
    Thanks
    ZHU
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    Yi Yong Profile Picture
    Yi Yong 844 Super User 2024 Season 2 on at
    Chart of Accounts looks upside down
    Hello,
     
    You can delete the chart of accounts record using different methods.
     
  • Suggested answer
    Valentin Castravet Profile Picture
    Valentin Castravet 22,350 Super User 2024 Season 2 on at
    Chart of Accounts looks upside down
    Its a chart of accounts that follows the IFRS standards and there is no option to change it. Its simply there for demo data. If you're setting up your own company you would typically load your own chart of accounts instead of using the demo one. 
     

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