Manage accounts
Each company has its own structured list of general ledger accounts. When your accounts have been designed to capture the financial information you need, you are better positioned to make good financial decisions. Visma Net provides you with the ability to configure the chart of accounts that suits your company’s needs. You add accounts of the required types by using the Chart of accounts (GL202500) window.
Section Content
About account types and classes
When you make decisions about how to structure the chart of accounts for your company, you must consider a number of questions that will help you to establish the system of accounts that matches your company’s operations, such as:
About account IDs
Accounts of different types should be easily recognisable to users by their IDs.
About YTD net income and retained earnings accounts
In Visma Net, there are two special system-maintained accounts: YTD (Year-to-date) net income and Retained earnings.
About denominated accounts
If multi-currency support is activated (the Multi-currency accounting functionality is enabled in the Enable/disable functionalities (CS100000) window), a general ledger account may be marked as denominated.
Create an account class
View an account summary
View account details
View account balances by period
View the trial balance on reports
The trial balance is the listing of all active accounts with their beginning and ending balances, and the debit and credit transactions for the period.
View reconciled accounts
The steps of how to view accounts that has been reconciled in the Journal reconciliation (GL30201S) window.