Company Settings
In the Company Settings for General Ledger, from the Segments tab and the Structure sub-tab, create or designate a GL segment either for locations or profit centers, or one for each, and label each segment as such. Click on the label name cell to modify the value. The example below shows Location set as the second segment and Profit Center set as the third segment.
Once the account segment layout is saved, open the Codes sub-tab and add values for each of the locations and/or profit centers you want to use, by selecting the segment type from the drop-down field to show the desired list to maintain. Below is an example of a list of possible Locations.
From the General tab in the Location area, if a Location segment is to be used, select the account segment label that you want to associate to Location values used on various transactions. In this example, the second account segment label was named Location.
From the General tab in the Profit Center area, if a Profit Center segment is to be used, select the account segment label that you want to associate to profit center values used on sales orders. Otherwise choose Disabled for this settings. In this example, the third account segment label was named Profit Center.
General Ledger
In the General Ledger module, you then need to create a separate account for each location or profit center that are used for transaction processing, such as for revenue, cost of sales or inventory control. You may want to start with an account that does not use any additional segments, then copy it to create a new account for each location or profit center, assigning a unique account segment value for each. Below is an example of setting up revenue and cost of sales accounts with location segment values.
Alternatively, if you don’t want to create new accounts with the same number and different segments, but instead use separate account numbers, you can use account allocations to redirect posted amounts. Below is an example of redirecting a profit center posting to a different account number. Note that the account with the PROD value as the third segment doesn’t actually exist, but the posting process knows how to handle this for allocations.
