Thursday, May 30, 2019

General Ledger Accounts: New Account and New System Account defined in Adaptive Insights

This article is intended for accounts integrated with Adaptive Insights, NetSuite's partner in delivering financial management solutions.

There are six different account trees in Adaptive Insights. One of which is General Ledger Accounts which contains the P&L (Profit and Loss) and Balance Sheet Accounts. To manage General Ledger accounts, user navigates to Admin > Manage your General Ledger Accounts or in NetSuite: Financial Planning > Admin > Admin Overview > Manage your General Ledger Accounts.

On the Manage your Accounts screen, users can set up a New Account and/or New System Account.
General Ledger Accounts
-In most companies, these matches the General Ledger account tree in their General Ledger system.
-These can be created to any level of detail at which you wish to plan or report.
-These accounts are used to hold entered or calculated values, including actual imported values from the General Ledger system.

System Accounts
- These are special General Ledger or Custom accounts used for allocations and eliminations. Allocate-in, allocate-out, elimination difference and Cumulative Translation Adjustment (CTA) are all system accounts.
-This type of account can only be populated by the system and does not accept imports.
-These are marked with a gear icon on the Manage Your Accounts screen.

Users may also refer to the Adaptive Planning Administrators Guide found on Help > Product Support and Forums for more information on other account trees.

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