Chart of Accounts Structure Features and Functions
The chart of accounts is a list of ledger account names and account numbers, creating consistency in terminology and eliminates redundant accounts. A chart of accounts structure should include fields for account and ledger descriptions, to prevent shadow accounts from being created. Data tree tools allow users to see the structure of the fields and summaries, to help with reporting requirements, foster change, etc.
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User-defined Options
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Account Controls
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Account Timing
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Detailed Account Description
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Account Characteristics
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Multiple entities
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General Ledger Features and Functions
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