Effectively manage internal accounts and dimensions like cost centers, projects, or objects with this guide.
As a new user, you'll find two default internal accounts available. You can easily modify these, add more, or customize them to fit your specific requirements.Internal Accounts Setup
1. Access Internal Accounts: Navigate to Administer > Internal Accounts to get started.
2. Create a New Internal Account:
- Click on New Internal Account to set up a new account.
- Customize fields such as cost center, cost bearer, or project based on your business needs.
- Once done, click Save to finalize the new internal account.
3. Assign Account Codes:
- After creating the account, click on the newly created account and go to Account Codes.
- Here, you can add the necessary codes and descriptions for the account.
Bulk Update Accounts
1. Update Multiple Accounts: To efficiently update several accounts at once, go to Administer > Internal Accounts, click on the three dots (⋮), and follow the on-screen instructions for bulk editing.
Pro Tip
To streamline the setup process, you can use one of the pre-existing internal accounts (or the structure of the three default cost centers) as a template. Modify these accounts to match your needs, then export the modified accounts.
Next, paste the exported data into a spreadsheet, fill in the necessary details, and save it as a tab-separated text file. Once the file is ready, you can import it directly into the system.
This approach allows you to quickly scale and manage internal accounts, saving time and ensuring consistency across your financial structure.