Building the primary ledger

A short walkthrough with four consequential clicks in it. Create the ledger with a name and description, select the chart of accounts instance you built and deployed, select the accounting calendar you generated, select the ledger currency, and select the accounting method. Save — and notice that the ledger now appears and is not yet usable. Those four selections are effectively permanent. Saying it again is the point: this is the third time in the module and it is the sentence that stops a re-implementation. Include the entity and the currency in the ledger name. You will have several, and a list of ledgers named after the project rather than after what they hold is unreadable within a year. And the accounting method choice affects every subledger downstream — Payables, Receivables, Assets, all of it. It is not a general ledger setting that happens to live here.

In this module: Module 4 · Chart of Accounts and Ledger Design

1. 1What we're building
2. 2The decision you can't undo
3. 3Anatomy of a chart of accounts
4. 4Segment labels and qualifiers
5. 5Running the design workshop
6. 6Sizing segments: the arithmetic
7. 7Building value sets
8. 8Structure, instance, deployment
9. 9Loading account values
10. 10Account hierarchies and why reporting needs them
11. 11Building and publishing a hierarchy
12. 12Accounting calendars
13. 13Currency and conversion rate types
14. 14Primary, secondary, reporting: the decision tree
15. 15Building the primary ledger
16. 16Ledger options and completing the definition
17. 17Cross-validation and segment value security
18. 18What breaks
19. 19Lab briefing: Meridian Trading