Segment labels and qualifiers

A segment is just a field until you label it. The label tells the application what the segment means, and that is what unlocks behaviour. Primary balancing segment is the one the system balances every journal against — usually the legal entity or company segment. Mandatory. Natural account segment carries the account type: asset, liability, equity, revenue, expense. It drives what closes at year end and what rolls forward. Mandatory. Cost centre segment is required by Assets and by several reporting features — said now so you do not discover it in Module 11. Intercompany segment enables intercompany balancing: if there is more than one legal entity in the ledger and they transact, you want it. Management segment is optional, for management reporting security and hierarchies. Secondary balancing segment is the fund and grant case, mentioned rather than dwelt on. What getting labels wrong costs: a cost centre segment that…

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