In managing your facility, you may need to establish account information so that costs can be charged to accounts rather than to divisions or departments.

For example, suppose your company needs to track the maintenance costs related to an expansion project involving many divisions in the company. To charge the costs to the project's budget, you need to establish an account for the project.

ERP financial systems typically map General Ledger account codes to the Accounts table.

If you wish, you can create an account hierarchy in which a parent account has child accounts, and the child accounts can, in turn, have their own child accounts.

See also cost center.

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