If you have more than one store and have purchased Epicor Eagle™ multistore software, then you'll need to determine how to set up General Ledger to best suit your reporting needs. Your local Implementation Specialist can assist you in making this determination. The following is a basic overview of the two possible ways of setting up multistore General Ledger.
You can post each store's transactions to their own subaccounts, or profit centers.
For example, you have three stores, and you want to set up a cash account for each store. Your cash account could be 1000-001 for store 1, 1000-002 for store 2, and 1000-003 for store 3. The last three digits represent the subaccount number which differentiates the stores from each other. You would use this same scheme when adding all your other general ledger accounts.
You can set up a separate General Ledger directory for each store.
In Modify Store Record (Function MSR), you assign each store its own General Ledger directory by filling in the Which G/L? field with its store number. For example, you would enter a 1 in that field for store 1, a 2 for store 2, and so on. Even though each store's general ledger is completely separate from the other stores, you can still run consolidated financial statements for all stores combined, using Function GLCO.
The following are reasons for setting up separate General Ledger directories:
Each store forms a separate corporation. There is no reason to combine information, because you want to print separate financial statements for each store.
All stores form one corporation. You want to keep information in each store separate, and also print consolidated financial statements for the corporation (all stores combined).