Versions Compared

Old Version 8

changes.mady.by.user Laura Packard

Saved on

compared with

New Version Current

changes.mady.by.user Melanie Whitelock

Saved on

Key

  • This line was added.
  • This line was removed.
  • Formatting was changed.

...

The Chart of Accounts stores your company's relevant General Ledger data. All companies set up in the Veson IMOS Platform share the account codes entered in the Chart of Accounts.

On the Financials menu , under Setup, click Chart of Accounts.

...

  1. Insert or add a new row:

    • Right-click a row and then click Insert.

    • Scroll to the bottom of the grid and then click Add New Row.

  2. Enter the information for the account:

    1. Code: Financial account

    2. Account Name: Description of the financial account

    3. Category: Type of financial account

    4. Subcategory: Subaccount that will be used in certain financial reports

    5. Account Group (when configuration flag CFGAccountGroups is enabled)

  3. If configuration flag CFGActEnableGLValidation is enabled, to require certain fields at the transaction level, select check boxes for:

    • LOB: Line of business

    • Ves: Vessel

    • Voy: Voyage number

    • Port

    • Dept: Department

    • IC: Intercompany account

  4. If configuration flag CFGPoolCommByAccount is enabled, Pooling Management Fee and owner's commission calculation will be based on the amount in the accounts with Mgt selected.

  5. Save the form.

Expand
titleRelated Configuration Flags

Name/Flag

Description

Account Groups
CFGAccountGroups

When enabled, users will be able to run and post accruals per, report on, and filter various lists by Account Groups.

Enable GL Validation
CFGActEnableGLValidation

Have any selected Chart of Accounts check boxes (LOB, Ves, Voy, Port, Dept, and IC) be required fields for posting from the Transaction Data Entry form, where they appear as columns under Invoice Details.

Pool Comm by Account
CFGPoolCommByAccount

When enabled, Pooling Management Fee and owner's commission calculation will be based on the amount in the accounts with Mgt selected in the Chart of Accounts.