Are there any training materials for Accounting Structure?

Hi @danyarbrough ,

Have you checked the F1 helpdocuments and RnD release notes? It has more details.

Best regards,

Kalhari.

Hi,

The accounting structure is a powerful tool in IFS to analyze the balances and produce outputs.

It is  a way to organize/structure the code part values. A code part could be account or any other dimension  that you define in IFS applications as code parts.

The code part values ( If base is account, the different accounts in your chart of accounts) can be structured into different levels using nodes and sub nodes. Just try to create a new accounting structure…you can use just drag and drop option even, to create such. I would say it is very user friendly.

For you, It is important that where to use such structure. There are no of places. some of them are...

1. You can use an accounting structure to analyze the balances. There is a dedicated balance analysis window called “ Structure Balance Analysis” The GL balances can be analyzed as per the structure you prepared. So it could be your management purpose or legal reporting purpose.. wherever…. 
2. If you use IFS consolidation solution the consolidated balances can also be analyzed using a group structure and on top of that, an accounting structure can be used for the analysis.
3. More importantly, the accounting structure is part of many information sources in IFS financials. So it can be used to prepare the BI reports. For an example the financial statements of a company can be prepared using an accounting structure in IFS business reporter. In my opinion, specifically in financials the best out of BI reports could be received when you build a report with an accounting structure.

There could be many other advantageous as well, As kalahari pointed out you can refer IFS general help (F1 documentations) as well as release materials for more details.

Hope this would help you in some way.

Best Regards,

Chirantha.