Chart of account is the account structure used by the organization to record the transaction and record the account balances. the chart of account have maximum 30 segment with 20 character each segment.
Setup Of Chart Of Account
1- Define Accounting flexfield structure
2- Define key flexfield structure
3- Setup the Value Set
4- Assign the value set to Segment
5- Assign the Flexfield Qualifier
6- Select AID/ CVS
7- Freeze the flexfield structure
8- Compile the flexfield structure
9- Assign the values to Value set
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