Chart of Accounts and Multiple Companies

At the enterprise level, you establish the chart of accounts structure and a set of global accounts that are available to all companies. At the company level, you establish individual accounts. You decide whether any other companies in the enterprise can use these accounts.

Grant Access to Individual Accounts

By default, each account that you create is unavailable to any company, including the active company, until you specify access rights for it. Therefore, you must specify company access for each account that you create.

Chart of Accounts Structure

Every company in the enterprise must use the same chart of accounts structure. This means that all companies must use the same account number format, including the identifier length and delimiter positions.

You establish accounts in Settings > General Ledger > Chart of Accounts.

Cash-basis Accounts

When you establish cash-basis accounts, you must ensure that they are either:

  • Globally available, or
  • Available to the same companies for which the corresponding regular accounts are available.

Related Topics:

  • Intercompany Accounts
    When you track multiple companies in DPS, you must create intercompany accounts that are available to all companies in your enterprise. DPS uses these accounts to process labor and expense charges for intercompany transactions.
  • Foreign Employee (Labor) Types
    You probably will not use the same labor types for all companies in your enterprise. To allow for the possibility that Company A may reference an labor type that Company B does not use, you must specify the direct and indirect accounts that DPS should use to process timesheets or labor adjustments that reference "foreign" labor types.
Parent Topic: Multiple Companies