Chart of account - change account from Balance sheet to Inco

eemm3
eemm3 Member Posts: 2
edited 2011-12-23 in NAV/Navision Classic Client
Is it possible to change an existing G/L account from "Balance" to "Income" statement?
If yes, what is to be bear in mind?
Thanks in advance!

Comments

  • thassoc
    thassoc Member Posts: 3
    As far as I'm aware, the only 'effect' of changing an account from Balance Sheet to Income Statement is that only Income Statement Accounts are included in the 'Close Year' process which creates a journal which 0s the Income Statement accounts and provides a net figure to post to Reserves.

    I think (haven't looked at the code) that it's likely that if you change to Income Statement, the total of the Account will be included in the calculation and not just the transactions for the Year you are closing.

    But as always, I'd test it out and see.

    Richard
  • ssingla
    ssingla Member Posts: 2,973
    There is no secret code you can change the type but be careful about the grouping.
    CA Sandeep Singla
    http://ssdynamics.co.in

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