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#26311 - 02/23/11 08:04 AM Balance Sheet departments
Eva_Froese Offline
Adagio Expert

Registered: 09/22/06
Posts: 799
Loc: MB
Can a department have both Balance Sheet and Profit & Loss Ledger accounts?
_________________________
Eva Froese
ChoiceTech Accounting Solutions
eva@choicetech.ca

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#26312 - 02/23/11 08:18 AM Re: Balance Sheet departments [Re: Eva_Froese]
Retired_Guy Offline
Adagio Master

Registered: 03/16/99
Posts: 10504
Loc: Canada
Yes, but the AR & AP control accounts are usually difficult to manage if those modules are installed.
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Andrew Bates

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#26322 - 02/23/11 06:21 PM Re: Balance Sheet departments [Re: Retired_Guy]
Steve Schwartz Offline
Adagio God

Registered: 03/10/02
Posts: 4505
Loc: Wynnewood, PA
Even though the answer is yes, it is very unusual for a company to want a departmental balance sheet. They would have to be keeping separate bank accounts for each department and would have to very careful about coding to the right department when paying bills.

Steve

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