This post is part of the In Microsoft Dynamics 365 Business Central (Financial), how do I… series and of the wider In Microsoft Dynamics 365 Business Central, how do I… series which I am posting as I familiarise myself with Microsoft Dynamics 365 Business Central.
Now that we’ve introduced the chart of accounts we can take a look at the types of G/L Account which can be created.
There are five types of account type in Dynamics BC:
- Posting – this account type is the one which allows you to post figures to the general ledger. Most of the G/L accounts you will create will be posting accounts.
- Heading – this is an account which is used to display a heading in the chart of accounts. An example of this would be an account called BALANCE SHEET or INCOME STATEMENT.
- Total – when you want to add create ad hoc total of some accounts. This is used when you are not creating a sub-section within the chart of accounts, such as when creating an account for the net income which would be a total of the net income.
- Begin-Total and End-Total – these account types are used in pairs to create section sub-totals in the chart of accounts, Financial Reporting (formerly called Account Schedules) and other reporting tools.
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