Locations Workspace

Use this workspace to create the locations that you want to use when the Location dimension is used in Maconomy's other workspaces.

In this way, you ensure that no typing mistakes are made when you enter locations so that a G/L entry is missing from an important statistic. When you enter a location, for example, in the General Journal workspace, Maconomy checks that the location value exists.

You can use the Location dimension in any way that is appropriate to describe different locations in the company, different geographical divisions of the market, or something completely different. You can use the Location dimension and the other dimensions in the chart of accounts for any type of statistical category. Your use of dimensions reflects the way in which the company wants to view its financial data. You should always use dimensions for the same category of information. When you use dimensions consistently, you can attach them to each G/L entry, thus creating the basis for statistics where the G/L entries are subdivided by dimensions.

If you want to derive other dimensions from the dimension values that you created for the Location dimension, you can specify the value that these dimensions should derive, and whether the derived value should overwrite any existing values. Derived dimensions in this workspace are only used if you indicate a derivation priority for the Location dimension in the Dimension Derivations workspace.

For auditing purposes, it is recommended that you print and file location information every time that you change it.

The Location dimension is one of the 12 dimensions of the chart of accounts.