User Guide

Adapting the Chart of Accounts
Workbook 17
S
wc90wb.doc, printed on 1/3/02, at 11:14 AM. Last saved on 1/3/02 10:54 AM.
ACCPAC INTERNATIONAL, INC. Confidential
On the Account tab
Account Type.
Select one of five account types. For an
explanation of account types, see “Account Types,” in Chapter 2
in the User Guide.
GIFI Code.
Enter a GIFI code for the account if you file your
corporate financial statements electronically. (Contact the
Canada Customs and Revenue Agency or your accountant for
information on GIFI codes.)
Omit From Financial Statements If Balance Is Zero.
Check
the box to omit the account from financial statements if its
balance is zero. Leave the box unchecked if you want the
account to appear on financial statements, regardless of its
balance.
Allow Project Allocations.
Check this box to be able to allocate
amounts to projects.
Opening Balance.
Enter the account balance as of the earliest
transaction date.
On the Class Options
tab
Account Class.
Select a description of the account’s purpose.
Assigning account classes for asset accounts is particularly
useful, because you can differentiate between cash, bank, and
other types of asset accounts.
On the Account
Reconciliation tab
Save Transactions For Account Reconciliation.
Check this
box if the account is a bank or credit-card account, and you want
to reconcile the transactions in this account to the transactions on
your bank or merchant statement.
On the Additional
Information tab
Fields 1 to 5.
Enter additional information about this account if
you wish. You can rename each of the five fields by choosing Set
Field Names from the Edit menu.
On the Related
Historical Accounts
tab
Fiscal Year; Account.
If you have changed any account names
or numbers or deleted any accounts during a fiscal year, Simply
Accounting shows the details on the Related Historical Accounts
tab.