Accounting System

An accounting systemThe system used to manage the income, expenses, and other financial activities of a business. represents the system used for collecting and organizing the financial data. For each legal entity there is a corresponding system. An entity can have more accounting systems.

Creating Accounting Systems

1. Log into the FintechOS Portal.

2. In the main menu, expand General Ledger Configurations and select Accounting System. The Accounting Systems List page opens.

3. At the top-right corner of the page, click the Insert button to create an accounting system.

4. Fill in the following fields:

Field	Required	Type	Description
Code	No	Text	It is the code of the accounting system.
Name	No	Text	It is the official name of the accounting system.
Accounting Reference Currency	No	Option set	It contains every currency possible with its code and symbol. Choose the currency for this specific system.

 

5. Click Save and reload. The Accounting Chart section is displayed.

Accounting Chart

This section stores data regarding the accounts.

1. To add a new transaction item accounting configuration, click the Insert button under the Accounting Chart section. The Accounting Chart page opens.

2. Fill in the following fields:

Field	Required	Type	Description
Accounting System	No	Lookup	The accounting system of the chartAn index of all the financial accounts in the general ledger of a company. .
Account code	No	Text	The code of the account.
reportingCode	No	Text	The code of the reporting.
Type	No	Option set	The type of the account. The following options are available: [none] Assets Expenses Revenues Liabilities Others.
Balance Type	No	Option set	The balance type of the account. The following options are available: BalanceSheet P&L OffBalanceSheet
Reporting Group Name	No	Text	The name of the reporting group.
Name	No	Text	The name of the account.

 

2. Click Save and close.