![]() ![]() ![]() The ability to add accounts to the master chart means that a standardised naming system can be used for the entire firm. Once complete click Save Standard Header. If checked, the master chart will expect this header to repeat itself more than once.Īn example of a standard header is shown below. For further information see the 'Account recommendations' section in the knowledge article: Accounts. If checked, the header will not be automatically added to the master chart and can be added on a client-by-client basis as required. If provided, the header will only be available for the selected entity type. Options will be dependent on what labels and page layouts have been created for the firm. For more information on report labels see the administrator guide: Reporting - Page Layouts. This is the label that the header will be allocated to for alternative reporting purposes. If left blank the header will be created with the account type of the parent header. ![]() Represents the system header from the standard chart which the account is allocated to. This is the name of the header that will appear in the standard chart. This is the number of the header that will appear in the standard chart. This will take you to a dialogue screen to enter the details of the header: This will bring up a menu allowing you to choose Add Standard Header. To add a standard header, click on the ellipsis to the right of an existing account header. Note: If a header/account is created (see below) without selecting an entity type, it will appear in the standard chart regardless of the 'Terminology' chosen when creating or viewing it.Ī standard header is distinguished from a system header (one of the default headers provided by Active Ledger) by the fact that it can be relocated to another header account and can also be renamed and deleted. The example below shows how the terminology of various equity accounts changes depending on the entity type chosen: Changing the 'Terminology' to the right of the search bar will change relevant account names to match the entity type chosen. The standard chart can accommodate different entity types for efficiency and ease of use. Master Account - another term for the system headers (see below) provided by Active Ledger.A standard account may have several accounts linked to it Standard Account - has been created in Active Ledger at a firm level to help standardise the chart.Source Account - exists in the client's accounting system and contains ledger data.An account may have several source accounts linked to it Account - has been created in Active Ledger generally for presentation purposes.It is important to familiarise yourself with the following terms: From here select Standard Chart of Accounts.Īctive Ledger works with a number of different account types. To manage the master chart of accounts for the entire firm (called the standard chart), navigate to the Admin Centre then Ledger & Reporting Admin from any screen using the navigation menu in the top right-hand corner of the screen. For more information on managing the chart at a client level see the knowledge article: Accounts. These layers can be edited at both the firm and the client level. However, you can add additional layers of grouping to enhance the readability of the accounts. The master chart of accounts comes with a range of default system headers which cannot be changed. ![]()
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