RisingERP - Accounting Dimension

Accounting Dimension

Dimensional accounting involves tagging transactions with specific dimensions, such as Branch or Business Unit. This approach allows for the separate management of each segment, reducing the overall maintenance required on General Ledger (GL) accounts and preserving the purity of the Chart of Accounts.

In RERP, Cost Center and Project are default dimensions. When a field is set in Accounting Dimension, it is added to transaction reports where applicable.

To create configurable accounting dimensions in RERP:

1. Navigate to: Home > Accounting > Accounting Masters > Accounting Dimensions.
2. Create a new Accounting Dimension:
3. Select the Reference Document, e.g., Department.
4. Enter the dimension name (visible in transactions with dimensions).
5. Define company-specific default dimensions in the Dimension Defaults table.
6. Check the "Mandatory" checkbox if the dimension should be mandatory in transactions.

As you create the dimension, custom fields are generated through a background job. These fields appear in the Accounting Dimensions section of transactions impacting GL entries.

Using dimensions in transactions: To tag a transaction with a dimension, select the specific dimension in the Accounting Dimensions section.

Filtering Reports based on dimensions: Financial reports like Profit and Loss Statement, Balance Sheet, and General Ledger can be filtered based on dimensions.

Making accounting dimensions mandatory for "Profit and Loss" and "Balance Sheet" Accounts: Configure dimensions to be mandatory for 'Profit and Loss' and 'Balance Sheet' Accounts by selecting the respective checkboxes.

Disabling accounting dimensions when no longer required: Disable dimensions that are no longer needed. Old transactions with accounting dimensions will remain intact.