• Registered: 04/02/2013
  • Posts: 2

Topic: Help required to create Chart of Accounts

Is anybody able to help me to create a Chart of Accounts? Thanks in advance, HM

  • From: Singapore, India, Chennai
  • Registered: 05/02/2009
  • Posts: 6,089

Re: Help required to create Chart of Accounts

Be more specific.
Do any of the COAs from the FA Repo suffice?
Can you not be modify them to suit your needs?

apmuthu's Website

  • Registered: 04/02/2013
  • Posts: 2

Re: Help required to create Chart of Accounts

None of them works for Colombia. I am not able to modify them at the time because I don´t have the time right now to do so and this is why I am asking for some help.

  • From: Singapore, India, Chennai
  • Registered: 05/02/2009
  • Posts: 6,089

Re: Help required to create Chart of Accounts

What language do you want to use? Will en_US suffice?
What kind of COA do you want - Service, Manufacturing, Trading, etc?
How many digits do you want in the COA - 4, 5, or 8 or any other?

apmuthu's Website

  • Registered: 09/12/2013
  • Posts: 7

Re: Help required to create Chart of Accounts

For Colombia you should use this as a reference  when making your COA & database scripts.  See the COA for colombia here http://puc.com.co/

6 Reply by apmuthu (edited by apmuthu 09/18/2013 03:05:27 am)

  • From: Singapore, India, Chennai
  • Registered: 05/02/2009
  • Posts: 6,089

Re: Help required to create Chart of Accounts

Translated and taken from the Colombian link above

CHAPTER II:
CATALOGUE OF ACCOUNTS

ARTICLE 14. Encoding the Chart of Accounts is structured on the basis of the following levels:

    Class: The first digit
    Group: The first two digits
    Account: The first four digits
    Sub: The first six digits

The classes that the first digit identifies are:

    Class 1: Active
    Class 2: Passive
    Class 3: Heritage
    Class 4: Income
    Class 5: Expenditures
    Class 6: Cost of sales
    Class 7: Costs of production or operation
    Class 8: Debit memorandum accounts
    Class 9: Credit memorandum accounts

Classes 1, 2 and 3 include the accounts comprising the balance sheet, the classes 4, 5, 6 and 7 correspond to the accounts of the state of gains or losses or income statement and Classes 8 and 9 detailed memorandum accounts .

Kindly note that the CoA given here will have variable length Account Codes which can be normalised to 6 digits by padding right with zeroes.

Class: 3 Heritage should be Share Capital or Stock Holders since Google translate of the Spanish patrimonio is poorer than Babylon's.

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