Chart of Accounts Breaks

 

Function

This option establishes breaks between different types of general ledger accounts to group them together and produce subtotals on the standard AddonSoftware financial reports (Trial Balance, Balance Sheet, and Profit and Loss Statement). At a minimum, account breaks should be defined for assets, liabilities, capital (owner's equity), income, and expenses, although they can be called by other names. The breaks established here have no effect on custom financial reports set up in Financial Report Maintenance.

 

=> To access this task...

Select Chart of Account Breaks from the General Ledger Parameters menu.

 

Chart of Accounts Breaks

Chart of Account Breaks

 

About the Fields

 

In the Account Break field...

  • Enter a chart of accounts break number.

Account Break Example

When the first expense account is 501-00 and the last income account is 475-00, enter 500-00 as the account break for expenses. Since it is not a valid account number, it will produce a break between income and expenses.

 

NOTE: The breaks do not have to be entered in sequence. The entries will be re-sorted automatically after they are entered.

 

In the Description field...

  • Enter a description for each account, up to 20 characters in length.

When finished making entries to the fields…

  • Click Save button to save the modified or new details in the grid.

  • Click Delete button to delete the current line.

  • Click Add New button to add a new record after the last current row in the grid.

  • Click Insert New button to insert a new record before the currently selected row in the grid.

Attempting to leave without saving details by clicking Close Window, the module will issue this confirmation prompt:

 

 

  • Click [Yes] to save the current record and return to Parameters Menu.

  • Click [No] to return to the Parameters Menu without saving the current record.

  • Click [Cancel] or the "Close Window" button.



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