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Some accounts are designated as Control or Linked Accounts and perform important functions within the system.
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Finalize the Chart of Accounts structure.
Configure General Ledger System Parameters.
Set up Financial Years and periods.
Enter General Ledger information for Company, Branch and Cost Centres.
Enter or import General Ledger subcodes.
Assign companies, branches, and cost centres to the subcodes as required.
Flag Control or Linked Accounts (e.g. Accounts Receivable, Accounts Payable, tax accounts and linked accounts).
Generate general ledger accounts from the subcodes.
Enter account opening balances as required