[Question](12-02-2020) Wave Accounting Multi Level Chart Of Accounts

virtualworldGlobalvirtualworldGlobal Member Posts: 6

Hi Everyone,

Do we have a provision of creating multi lever accounts under chat of accounts

1) Expenses

------------> (i) Hardware Expenses
------------------------------------------> (a) CPU
------------------------------------------> (b) RAM
------------------------------------------> (c) SMPS
------------------------------------------> (d) Monitor
------------------------------------------> (e) VGA Cable
------------------------------------------> (f) CPU

------------> (ii) Software Expenses
------------------------------------------> (a) Windows 10 License
------------------------------------------> (b) CRM Desktop License
------------------------------------------> (c) Billing Software License
------------------------------------------> (d) Office Software License

------------> (ii) Software Maintenance
------------------------------------------> (a) Hardware Maintenance
------------------------------------------> (b) ERP Maintenance
------------------------------------------> (c) Billing Software Maintenance
------------------------------------------> (d) Office Software Maintenance

Please let me know if this clarifies what is required, if this is available or any workarounds

Awaiting reply....Thank you :)

Comments

  • MikegMikeg Member Posts: 648 ✭✭✭

    @virtualworldGlobal,
    Unfortunately sub-accounts cannot be created. Your workaround would be:
    Software Maintenance-Hardware Maintenance
    Software Maintenance-ERP Maintenance
    Software Maintenance-Billing Software Maintenance
    Software Maintenance-Office Software Maintenance

  • virtualworldGlobalvirtualworldGlobal Member Posts: 6

    Hi @Mikeg

    Thank you for your reply...

    No it seems you have not been able to understand my requirement for multi lever accounts under chat of accounts


    1) Expenses

    ------------> (i) Hardware Expenses
    ------------------------------------------> (a) CPU
    ------------------------------------------> (b) RAM
    ------------------------------------------> (c) SMPS

    ------------> (ii) Software Expenses
    ------------------------------------------> (a) Windows 10 License
    ------------------------------------------> (b) CRM Desktop License

    ------------> (ii) Software Maintenance
    ------------------------------------------> (a) Hardware Maintenance
    ------------------------------------------> (b) ERP Maintenance


    In this case I will be able to track

    1 > Expenses - Complete Details For -> ALL EXPENSES

    ------------> (i) Hardware Expenses ---> Complete Details For -> HARDWARE EXPENSES

    ------------> (ii) Software Expenses ---> Complete Details For -> SOFTWARE EXPENSES

    ------------> (ii) Software Maintenance ---> Complete Details For -> MAINTENANCE EXPENSES


    Sub Accounts provide a detailed overviews of accounting and that is my concern...

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