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    General Ledger accounts question:  We are changing our corporate structure to add 2 subsidiaries and want to change our GL account numbering system to accommodate this.  I understand that you can only change GL accounts at year end, prior to beginning a new year.  Does anyone have a chart of accounts numbering structure that incorporates 3 different entities that they would be willing to show me as a model ?  We want to be able to both have separate and combined balance sheet and P&L information.

    Thanks,  Susan

  • in reply to Susan-HRI

    Susan, it sounds like you are talking about departments (not subidiary accounts).  However that is really only used the the Income Statement accounts, not Balance Sheet.  If you truly want separate financials but also combined, you can copy the existing company to create 2 new companies.  As long as you maintain the GL accounts exactly the same in a 3 databases, you can combine the financials when you want to at menu 2-8.

    GL accounts can only be departments or subsidiary, not both.  So for fixed assets and loan accounts, you quite often use subsidiary accts so that you can track the separate assets, and loans.  This would prohibit you from then also using departments.

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  • in reply to Susan-HRI

    Susan, it sounds like you are talking about departments (not subidiary accounts).  However that is really only used the the Income Statement accounts, not Balance Sheet.  If you truly want separate financials but also combined, you can copy the existing company to create 2 new companies.  As long as you maintain the GL accounts exactly the same in a 3 databases, you can combine the financials when you want to at menu 2-8.

    GL accounts can only be departments or subsidiary, not both.  So for fixed assets and loan accounts, you quite often use subsidiary accts so that you can track the separate assets, and loans.  This would prohibit you from then also using departments.

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