The chart of accounts is the master list of general ledger account numbers.
You already have an account-numbering scheme that works well for your business. If your current account numbers are seven digits or less, you can enter those accounts into your Epicor Eagle™ system. However, if your account numbers are greater than seven digits, talk to your Epicor Software Corporation™ Implementation Specialist.
Depending upon how your account numbers are structured and the nature of your business, you may need to set up subaccount numbers. Click here for more information.
Fill in the blank fields. Review the default entries in the other fields and make changes if needed.
For field help definitions, click here.
Click Add.
Multistore: Be sure to add the accounts for each of your stores. Typically (but not in all cases) you should use the same main account number (first 4 digits) for all stores, but differentiate between stores by the subaccount number (last 3 digits). For example, the cash account might be 1000-100 for store 1, 1000-200 for store 2, and so on.
(Optional) To enter comparative balances from the prior fiscal year:
Click Go To, then click Comparative Data.
At Beginning Balance, enter the balance of the account as of the beginning of the prior fiscal year.
At Ending Balance, enter the ending balance from each period of the prior fiscal year.
Click Change.
(Optional) To enter budget amounts for this fiscal year:
Click Go To.
Click Budget Maintenance.
Fill in the fields on the screen.
For more information about budgets, click here.
(Optional) If you want to print out your chart of accounts, run the Print Chart of Accounts report.