Where a business has different departments, branches, territories, cost centres, etc., Micronet General Ledger can produce separate Profit & Loss reports for each. It can also produce a consolidation Profit & Loss report for all departments setup within the system.
To cater for this requirement, the Chart of Accounts includes a prefix for each GL account number which can be used to identify specific departments. For example:
MGL can use a standard Chart of Accounts that acts as a template for all departments in the business. Each department can copy this standard range of numbers and simply add the appropriate prefix to the GL account numbers to identify its own accounts. This diagram shows an example of the use of departmental prefixes:
Sample Company Department Structure
Therefore, the Chart of Accounts appears as:
Departmental structures affect your integration configuration. Depending upon the dissections you choose to define for individual Profit & Loss reporting, the integration configuration and interface records required to transfer the data to the appropriate departments varies. More detailed information about the setup of departments and corresponding integration configurations and GL interface records are described under "Common Micronet GL Structures".