Chart of Accounts and Multicompany

At the enterprise level, you establish the chart of accounts structure and a set of global accounts available to all companies. At the company level, you establish individual accounts. You decide whether any other companies in the enterprise can use these accounts.

Grant Access to Individual Accounts

By default, each account that you create is unavailable to any company, including the active company, until you specify access rights for it. Therefore, you must specify company access for each account that you create.

Standard Chart of Accounts Structure

Every company in the enterprise must use the same chart of accounts structure. This means that all companies must use the same account number format, including the identifier length and delimiter positions.

You establish account number formats on the Numbering tab of Configuration > General > System Settings.

Cash-basis Accounts

When you establish cash-basis accounts, you must ensure that they are either:

  • Globally available, or

  • Available to the same companies for which the corresponding regular account is available.

Related Topics:

  • Intercompany Accounts
    When you set up the Multicompany feature, you create intercompany accounts that are available to all companies in your enterprise. Vision uses these accounts for processing labor and expense charges for intercompany transactions.
  • Example of Foreign Employee Types
    It is likely that you will not select the same employee types for all companies in your enterprise. To allow for the possibility that Company A may reference an employee type that Company B does not use, you must specify the direct and indirect accounts that Vision should use to process timesheets or labor adjustments that reference foreign employee types.
Parent Topic: Multicompany Overview