Summary

You learned basic information about the chart of accounts, advanced rules, account allocation terms, accounts for automatic transactions, and inquiries and reports related to these topics.

The chart of accounts, the central collection location for daily financial transactions, is the base of the General ledger module. It provides information about a company's financial state.

Allocated transactions redistribute main account balances from one main account to another destination main account. This is practical and can be used to set up automatic posting of, for example, percentage allocation of main account postings. You also learned about financial dimensions and sets.