Configure an Account Structure

An account structure consists of main accounts and can include financial dimension segments. The account structure is used to define the valid combinations, which together with the main accounts, form a chart of accounts.

The account structure is used in ledger setup, which is part of the setup for the general ledger.

To create the account structure, follow the steps below:

  1. Click General ledger > Chart of accounts > Structures > Configure account structures.

  2. Click New.

  3. In the Account structure field, enter an account structure ID.

  4. In the Description field, enter a description.

  5. Set the Add main account option to Yes.

  6. Click Create.

  7. In the Segments and allowed values area, click Add segment to add criteria, and then select the appropriate options to create the criteria.

    To enable financial reporting from the fund source standpoint, each transaction should contain information about the fund source. For this reason, the fund source financial dimension should be set as the criteria in the account structure with the Blank values are allowed(“”) check box selected.

  8. If blank values must be allowed, select the Blank values are allowed(“”) check box, and close the form.

  9. Click Activate.

    The Activate account structure form is displayed.

  10. Click the Activate button to activate the account structure.

Note: Ensure that the position of the Financial dimensions that are added in the account structure is not changed. For example, the following account structure is created in the General Ledger module:

Fund > Account1

To add another Financial dimension, Business Unit, you must add it after Account1 as:

Fund > Account1 > Business Unit

Microsoft Documentation on Create account structures.