SAP Business One Forms Explained is a new series that I want to begin from today. As the name suggests, I will be taking a form and explaining it in detail. The form that I have chosen for today is Chart of Accounts (COA).
- Form Name & Number: - Chart of Accounts & 151
Form Overview: - A chart of accounts lists all of a company's general ledger (G/L) accounts and is the basis for its reporting and posting activities. The entire form is split into 10 Drawers and within each drawer, you organize your accounts by level in a logical fashion appropriate to your financial accounting processes. The organization of the chart of accounts follows GAAP in which there is a separate “drawer” for accounts representing assets, liabilities, equity, revenues, cost of sales, expenses, financing, and other revenues and expenses.
Transactions & Activities: - List of transactions that are possible using COA are: -
Creating G/L Accounts.
Editing account details or moving accounts within the chart of accounts, as needed.
Deleting any unnecessary G/L Accounts.
Checking G/L account balances. If necessary, checking the balances of Individual Business Partners.
Reports:- The report that is related to the COA is mentioned below: -
G/L Accounts and Business Partners Report: - This report enables you to generate a list of G/L Accounts and/or Business Partners using desired selection criteria.
