Designing the Chart of Accounts
Alphanumeric?
Number of levels (profit centers or divisions)
Industry-specific/ Standard accounts
Inputs to the GL
Other applications (systematic
entries)
Posting in summary
Posting in detail
Direct inputs (non-systematic entries)
Journal entries
Recurring entries
Automatic reversals
Forced balanced transactions
Batch control report
Output of the GL
Journals (Note that in an automated AIS's that
journals are primarily output whereas in manual AIS's
journals are primarily input.)
Cash disbursements, cash receipts, sales, purchase
User defined journals
Trial balance
Financial Statements
Balance sheet
Income (profit & loss) statement
Statement of cash flow
Features of all financial statements
12 month vs. 13 month years
Select any
range of dates
By company, division, department, region, product line, sales rep....
Compared to budgets
Compared to last year's results (month & ytd)
Percentages
Ratio analysis
Variance analysis
Assign costs to department, job, phase
Distribute costs by user defined formulas
Bank reconciliation
General report writer
Key variables
# of digits in account numbers
# of accounts
# of companies and # of departments (or other divisions)
# of months open
# of years open
# of stored transactions