Group chart of account

Behind the cogwheel symbol at the top right, you will find the Global settings. Select Chart of accounts to set up the group chart of accounts.

Copy a chart of accounts as a template for the consolidation model

The first time you visit the Group chart of accounts page you need to open the drop-down list and select the subsidiary whose accounts are closest to the structure that your group chart of accounts should have. Click on [Get account groups], and budget123 will retrieve the subsidiary account groups into the template.

Edit the Group chart of accounts

You now have a starting point for the groups in the group chart of accounts, which you can customise. In Global Settings » Chart of accounts, you can customise the entire group chart of accounts, account by account, by filling in these fields:

1. The account type (income / expense, asset / liability, heading)
2. Account number and account name
3. The heading to sum from - if the account type is a SumAccount

Create new accounts

You can create new accounts by clicking on the orange button at the top of the screen.

When the group chart of accounts has been set up, the accounts from the subsidiaries must be linked to the groups in the group chart of accounts. You can do this in Global settings » Account links.