Master Article - General Ledger chart of accounts creation

How to create a chart of accounts

• Chart of account segments

• Set up chart of accounts

• Fund

• Segments 

• Organization

• Object

• Project

• Accounts

• Site needs to create the chart of account

• Create a new chart of accounts

• Create a new fund

• Create a new Organization code

Order of Chart of Account Creation

1. Create Segments - Create a new general ledger segment

2. Create Organization - Create a new organization code

3. Create Object - Add Object Code

4. Create Projects (if applicable)

5. Create Accounts

See also

• How to copy an existing fund to create a new fund

• Copy all Existing Accounts from one Org Code to another Org Code

• Copy Balance Sheet Accounts from one Fund to another Fund

• Without Manually Entering, Create Accounts using a new Object Code - Account Mass Creation

• Without Manually Entering, Mass Creating Object Codes for all funds 

• Account Master - Add new GL Account

• Chart of accounts definition - the chart of accounts is the sites entire account structure which includes every fund, every organization, object, project, segment, account, etc. 

• The Chart of accounts is set up during Go Live with Implementation assistance so needing to restructure the entire Chart of accounts typically should not be needed. 

• Typically just new Funds, Organization codes or accounts needs to be created however if it is verified that a client truly needs an entire chart of account restructuring please speak with a GL Analyst regarding next steps.