G/L Settings

In General Ledger Setup, complete the section for additional cost accounting - Additional costs:

The individual fields in this section should contain the following settings:

• Settings for additional cost accounting should select the direction of re-posting, ie:

  • Cost Type System -> Cost Purpose System - e.g. if in the documents we will post to the G/L account of group 4 (Cost Type System Accounts), and then the entries will be re-posted to the account of group 5 (Cost Purpose System Accounts)

  • Cost Purpose System -> Cost Type System - e.g. if in the documents we will post to the G/L account of group 5 (Cost Purpose System Accounts), and then the entries will be re-posted to the account of group 4 (Cost Type System Accounts)

• Balance Add. Account - specify the account by which the re-posting will take place (most often it is 490 with appropriate analytics).

• Additional Posting Dimension Code - to be filled in if we will use Dimension for the re-posting.

• Skip Reposting During Year-End Closing - select the option you are interested in.

In addition, two fields have been added to the General Ledger Setup page to allow quick access to the pages:

• Cost Types - in case no cost type has been defined yet, the line description changes to: No Cost Types. You must define them..

• Add. Cost Posting Setup.

Warning

If we are going to use Dimension for reclassification, it must be set on the account file as mandatory.

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The assigned dimension must have a minimum of one dimension value set on the Dimensions page from the Dimension Values action.

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