4 Cs

Chart of accounts

Currency

Calendar

Accounting conventions

Chart of accounts:

There are three mandatory segments: natural account, balancing

segment, and cost center.

The balancing segment reflects organizational units, both legal and

management.

The cost center is generally aligned with the department structure

used in your human resources application.

Other segments are used for product hierarchies, project codes, or

channel analysis - whatever you wish to track.

To make most use of our intercompany functionality, it is advisable to use

one segment (not a balancing segme

Accounting convention

Derives the appropriate accounts to use for individual business

events, such as sales, expenses, purchases, and others.

Is in accordance with accounting rules that you establish in line with

your compliance requirements.

By means of a broad toolset, allows you to manage the rules, review

their effect, and study their application.

Provides a standard means of posting subledger data to General

Ledger.

Provides standardized storage for subledger accounting entries and

subledger balances.

Is complete with the appropriate detail and in definable formats as

needed for various local compliance reasons.