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Hello,
I am relatively new to BC and was curious how BC handles unit accounts with the Chart of Accounts. Trying to setup the COA bringing in G/L from Dynamics GP which uses unit accounts for allocation. Can BC handle this?
Thanks in advance!!
Victor
In addition to dimensions, you can add data for analytics using Statistical Accounts. Statistical accounts let you enter numerical data for general ledger (G/L) transactions that you can use for analyses.
When you manage the accounting for businesses that have a high volume of transactions, it's now easier to get an overview of progress in the period-end process. The G/L Settlement allows bookkeepers to apply general ledger entries during reconciliation tasks.
We also did a video on it approximately about 12 minutes.
BC at this time does not have unit accounts, however it is in Wave 1 2023 release. There are multiple ISV solutions or you can do something like a Z account at the end of the COA. You just have to have a balancing account that you don't include in your reports.
Hi
I am not GP experts. But I read that Unit Accounts add statistical data into G/L. If this is accurate then this is not possible in BC OOTB. But you can use the below app which is FREE.
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