Chart of Accounts
Use to add new accounts or locate existing ones. The Chart of Accounts is where all balance sheet and income statement accounts are housed within the application.
Active What If Model
You can select the active model for your current session in the Chart of Accounts.
Unique accounts, which only affect Forecasting data, can be added to individual models.
- Included in Models
- Since changes to the structure of the Chart
of Accounts affect every model, the same Basic Information panel settings always appear, regardless of
the active model. You can use the Included in Models
setting to specify that an account is intended to use only in Forecasting for
specific models. An
Information option appears to the right of accounts that
are not included in the model that is active for the Chart of Accounts.
However, if any accounts were created for specific models, other than the active model, an informational message appears in the account list.
For this type of account, you only have access to the settings on the Basic Information panel.
Account Sections
The accounts stored in the Chart of Accounts are grouped into these three sections:
- Assets/Interest Income
- Liabilities & Equity/Interest Expense
- Non-Interest Income/Expense
Initially, the Assets/Interest Income
option is selected in the Account Type drop-down list with the
account list collapsed so that only major subtotals appear. Certain accounts are preceded
with either 
or 
, which identifies a subtotal level. The subtotals and detail accounts that are
indented and beneath the next higher subtotal level add into that higher subtotal. You can
expand or collapse to see more or fewer accounts.
Delete Accounts
Most accounts in the Chart of Accounts show
.
However, when you select delete, the program scans the accounts to determine which ones can be deleted. If a calculation somewhere in the application, such as a formula, depends on this account, a message informs you that the account cannot be deleted until the dependency condition is changed.
If an account containing data can be deleted, you must select a similar account for the deleted account's data to be combined into. Combining the deleted account's data into a new account makes it possible for an account to be deleted without causing an out of balance problem in historical and forecasted time frames. Instrument detail information and account mapping for the monthly update process is also combined.
The destination account's settings remain the same. After the accounts are combined, the source account is deleted. Keep in mind that other parts of the model, such as Favorite Reports can be affected.