This activity is used to enter and modify account types that will be used in the company. This mandatory task is to be performed by a system administrator or an equivalent person.
For each account type, a logical account type is connected which will determine the behavior of the relevant accounts. This logical account type can be changed for an account type only if there are no accounts already connected to the account type.
Default code part demands are specified for each account type by connecting a requirement value for each code part of the code string and also for the quantity, process code and text. The connected requirement value will control how the code part is used for the code string. These requirement values specified are the default values applicable when account information is entered in other components of IFS. For normal postings and for budget, the default code part demands are separately defined in the Account Types page.
The requirement values which can be selected are Can (code part is optional), Mandatory (code part is required) and Blocked (code part is blocked for entry). Blocked cannot be used for text. The code part requirement values are predefined and cannot be changed. If it is specified that the code part is blocked in the Define Code Strings page, only Blocked is available as a requirement value in the Account Types page.
When already defined code part requirements are modified, you can decide whether the change should affect all existing accounts belonging to the account type or only new accounts.
The process code is linked to the account and can be used for automatic posting rules.
This activity requires that the code string is defined for the company in the Define Code String page in IFS/Accounting Rules.
New account types can be connected to the accounts. The code part requirements become default when account information is entered in various other components of IFS.