6. Sub Accounts
From TrueERP wiki
Sub Accounts
Sub Accounts - Do you understand how departments can replace the need for sub accounts in some cases?
Departments in ERP allow you to separate different aspects of business into Cost Centers. With the help of Departments a company can report on specific areas of their business without creating additional accounts in the Chart of Accounts structure.
- You can run Profit Loss Reports by each Department. Enabling you to analyse your business accounts on multiple levels.
- Most of the reports and Lists in ERP can also be accessed by selecting each Department or for all Departments.
- Departments allow you to combine multiple cost center records into one database, as you are able to Report on every Departmental level required.
- Departments also allow you to separate your Product List by Department.You are able to set different Price Levels by Department; Separate Stock Levels by Department; run BAS Reports by Department etc.
The inclusion of Department in ERP refrains a user from creating additional accounts in Chart of Accounts.GNU Free Documentation License 1.2
