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Order of Segments in a Chart of Account Structure 14 Years, 4 Months ago
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Could someone explain to me the difference in the following two Chart of Account Structures:
Company > Natural Account > Department
Company > Department > Natural Account.
Thank you.
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raja (User)
Junior Boarder
Posts: 39
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Re:Order of Segments in a Chart of Account Structure 14 Years, 4 Months ago
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Hi Gavro Bere,
There is no difference between them except the arrangement of segments in the structure.
Functionally
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The order in which users should key in the values will differ based on the arrangement.
eg.
Company > Natural Account > Department
First they should key in Company, then natural account and then Department.
Technically
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Place where the data resides (ie. columns in table) may differ.
eg.
GL_CODE_COMBINATIONS table
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Company > Natural Account > Department
SEG1 > SEG2 > SEG3
Company > Department > Natural Account
SEG1 > SEG2 > SEG3
Cheers!
Shanmuga
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Re:Order of Segments in a Chart of Account Structure 14 Years, 4 Months ago
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Shanguma has right pointed this out. The order would affect:
How users would enter the combination
How reports would display the combination
Consultant would make the proposal. Client should make the final decision on the order.
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Re:Order of Segments in a Chart of Account Structure 14 Years, 4 Months ago
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Bunch of thanks to both Raja and Hasan for the explanation, which have been greatly appreciated.
I was initially thinking this way:
Company > Natural Account > Department ====è implies which department processed the journal (transaction);
Company > Department > Natural Account ===è implies, for example, which Department the goods are ordered for, or paid for the goods.
Now, I see, I am wrong. Both presentation are the same, functionally. Thank you again.
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Re:Order of Segments in a Chart of Account Structure 14 Years, 4 Months ago
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Sorry, my thanks for meant to Shanguma, instead of Raja.
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