Process Overview: Create or Modify the Chart of Accounts

Vision offers you the flexibility to customize the industry standard chart of accounts. However, you must follow certain guidelines. For example, assets must display before liabilities.

When you create your own chart of accounts, you can:

• Add, delete, or modify individual accounts from the Chart of Accounts Info Center. For example, you can add the following accounts: Marketing/business development, Bad debts, Bonuses, or Provision for income tax.

• Consolidate or close out accounts using the Account Key Conversion Utility.

• Change account length, or number structure using the Account Key Format Utility.

In the WBS concepts help, see the discussion of the standard chart of accounts and tips for modifying the structure.