Chart of Accounts

The Balance Sheet Accounts screen, available from the Chart of Accounts menu, shows balance sheet chart of accounts set up by your system administrator. You will need to access these accounts from this screen if you want to add, modify, or delete a balance sheet account in a customer record. The Loan Schedule area on the bottom of the Chart of Accounts does not appear if you selected Enter Loan Information via Loan Menu on the Systems Settings screen when you created the customer record.

At the top of the Balance Sheet Accounts screen, you can make some adjustments to the way the accounts perform in your analysis including the disclosure model you want to use

Adding an account

Complete the following steps to add a chart of account to the Balance Sheet Accounts screen:

1. 1. From the Account menu, select the type of account (Ag, Com, Pers).

   2. From the Type menu, select the chart of account type.

   3. In the Description field, enter a description (optional).

   4. In the Coll. Disc. % field, enter a percent of collateral discount (optional).

   5. In the Order field, enter the order you want the account to appear in the list of accounts.

   6. Click the Add button to add the account to the list.

Changing a model

Complete the following steps to change the default balance sheet model for this chart of account:

1. On the Balance Sheet Accounts screen, click the Change Model link. 

2. On the Balance Sheet Models dialog box, click the model you want and the system will update the information.

If you change a model the system will not delete any schedule with a balance in any year. For more information, see Accessing Supporting Schedules.

Deleting and restoring models

Any balance sheet model you delete will be sent to the Models Recycle Bin. If you have inadvertently deleted a model, you can either permanently delete or restore the model on the Models Recycle Bin dialog box. This function is done in the Defaults-Balance Sheet-Chart of Accounts-Recycle Bin menu.