Chart of Accounts

In the Chart of Accounts application, you can set up organization-specific general ledger accounts and resource codes for standard accounting functions. You create accounts and resource codes to correspond with accounts that you use in your external accounting system. You can also set up financial periods, and specify general validation options.

The application stores general ledger accounts at the organization level. Because general ledger accounts cannot be shared across organizations, each organization must have its own chart of accounts system.