Account Hierarchy
The Account Hierarchy field set can be used to optionally associate an account as participating (i.e., grouped with) other accounts. The hierarchies are used to facilitate rollup reporting.:
- Financials Parent - This field is used to optionally designate another account as this account's parent (in a "Financials" account hierarchy). This hierarchy could be used to group accounts for use in financial statements setup and in various other financial statement lookups and reports (i.e., reporting by account level 1, 2, 3, etc.). The accounts available for selection in this field include all active accounts excluding any child accounts of the current account (that is, an individual account cannot be associated within a single account hierarchy more than once). This can be used to facilitate the generation of summary and/or detailed level financial statements at various levels within the hierarchy.
- Cost Pools Parent - This field is used to optionally designate another account as this account's parent (in a "Cost Pools" account hierarchy). This hierarchy could be used to group accounts for use in cost pools setup and reporting. The accounts available for selection in this field include all active accounts excluding any child accounts of the current account (that is, an individual account cannot be associated within a single account hierarchy more than once).
Users can view the Financials and Cost Pools account hierarchies in Tree View reports.
Note regarding Auto-Complete Fields
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