We can use SubAccounts in GP?

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Posted on by Edie Williams

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Hi,

I start working in a company that uses GP 2010. We need to configure a 3 level Chart of Account, it must work like this:

the Clerk will register a transaction on Level 3 Accounts, several Level 3 Accounts will be posted (accumulated) in one Level 2 Account, and after reviewing, several Level 2 Account must be posted (accumulated) to a Level 1 Account.

Detailed Example:

a. An account for each Bank Transaction: (Account Clearing, Account Errors, Local Currency Deposits, Foreign Currency Deposits, etc) LEVEL 3

b. this transactions must be posted to the BANK BALANCES Account. LEVEL 2

c. and this will be posted to the ASSETS Account (where the summary of all Assets will be). LEVEL 1

How can we do this in GP?

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callen 4,595 on at

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Re: We can use SubAccounts in GP?

This would be handled via reporting. In GP, you would set up your accounts to track the transaction detail. In Management Reporter you would set up the BANK BALANCES row to include the accounts. You would then have a larger section including ASSETS that includes the BANK BALANCES and other assets.