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Dynamics 365 Community / Forums / Microsoft Dynamics NAV (Archived) / New Chart of Account
Microsoft Dynamics NAV (Archived)

New Chart of Account

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Posted on by Community Member Microsoft Employee

Hi

I are planning to introduce new chart of account in mid of the financial year. I want to keep old Chart of account also for few days parallel to new chart.  Any suggestion or any link which I should refer to make this transition smoothly.

thanks

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  • mmv Profile Picture
    mmv 11,465 on at
    RE: New Chart of Account

    You are welcome.

  • Verified answer
    Community Member Profile Picture
    Community Member Microsoft Employee on at
    RE: New Chart of Account

    Thanks MMV

  • Verified answer
    mmv Profile Picture
    mmv 11,465 on at
    RE: New Chart of Account

    1. Account Filter in the Analaysis View.

    2. "G/L Account Filter" in the Budget Card.

    3. Account Schedules.

    I don't foresee anyother area.

  • Verified answer
    Community Member Profile Picture
    Community Member Microsoft Employee on at
    RE: New Chart of Account

    Most of my GL account number will be renamed only.  This is good that it automatically changes at all the places.  Can you please suggest any other place where I have to manually change it other than Account schedules?

    thanks

  • Verified answer
    mmv Profile Picture
    mmv 11,465 on at
    RE: New Chart of Account

    I prefer to rename the G/L Account No. wherever possible rather then defining new one (when you rename it on the "G/L Account Card", it automatically renames at all the places except few places like Account Schedules etc.).  

  • Verified answer
    Community Member Profile Picture
    Community Member Microsoft Employee on at
    RE: New Chart of Account

    Thanks MAV for your response and I will complete all these tasks as suggested.

    I am not redefining whole set of account, but changing account code from 5 digits to 6 digits and cancelling/merging few ledger name.  I have multiple entities so want to make same set of chart of account for all entities.

    Welcome any suggestion

    Khushwant

  • Verified answer
    mmv Profile Picture
    mmv 11,465 on at
    RE: New Chart of Account

    Hi,

    You may keep the old chart of accounts in tact. What you to do is to block the old chart of accounts once the new ones are created, so that the users will not use it accidentally.

    You need to define the new Account Schedules based on the new set of chart of accounts.

    You need to define the new G/L Budget (if you are using the budget).

    You have to redo the setup for all the Posting Groups.  You need to do a lot of ground work before you could redefine. 

    Do you want to redefine the whole set of chart of accounts?

    Best Regards,

    MMV

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