Chart of Accounts Administration

The AptaFund Chart of Accounts Administration module is used to define and maintain account structures, create fiscal years and periods, and specify valid account codes. Each structure supports multidimensional account code hierarchies and account code element granularity. Multiple account structures can be defined, making it easy to update structures from year to year.

• Structure Maintenance - define and maintain account code structures and elements, and determine whether the valid values will be numeric, alphabetic, or both.
• Element Value Maintenance - create, delete, and modify the element values and hierarchies for defined account structures.
• Accounting Cycle - create fiscal years and monthly accounting periods; define payroll and accounts payable accounting methods.
• Chart of Accounts - maintain the account codes available within a given accounting cycle.
• Account Mapping - establish rules for rolling over accounts to the new fiscal year. Easily increment codes, remove codes, transfer account history to new codes, and customize the accounts to make fiscal year end updates easy.