Fixed Accounts drive calculation:

• the components of the Key Performance Indicators predefined in Apliqo FPM.

• Used simplify reporting by being a fixed reference to different parts of the chart of accounts,

• Set the Total Assets node of chart of accounts, Apliqo FPM can transform the accounting view of account movements to the management accounting view of movement.

• The calculation Retain Earnings from one financial year (NPAT) and the account to post Retained Earnings to in the next financial year.

• The account to post the Currency Translation Adjustments (CTA) when reported in foreign currencies.

Some Fixed Accounts must be mapped to accounts in the Management Trial Balance before the staging Operational CoA can be synchronised with the actual Operational CoA (FIN OCoA). The best results occur when as many Fixed Accounts as possible are mapped to accounts in the Management Trial Balance.

Compulsory Fixed Accounts

Unmapped compulsory Fixed Accounts are highlighted in orange. These Fixed Accounts must be mapped to accounts in the Management Trial Balance before the staged Operational CoA can be mapped to the actual Operational CoA. Flow the guided walk-though to map the compulsory fixed accounts

Click for a guided walkthrough.

The mapping of the compulsory fixed accounts are: