Chart of Accounts for a Strata company (SP)

karipettersen
karipettersen Member Posts: 4 Novice Member Novice Member
in Reckon One

Hi

We are a new Reckon user and have a Stata company (SP) that we want to set up.

We have decided to do our own accounts and strata management as we only have 3 units in the strata. We have not been happy with the strata manager charging for everything!

If anyone has a chart of accounts that would suit which divides the expenses into Admin and Capital please get in touch

We only have a small number of expense accounts so we are capable of doing it ourselves but would prefer not to reinvent the wheel.

Regards Kari

Comments

  • Rav
    Rav Administrator, Reckon Staff Posts: 16,612 Reckon Community Manager Community Manager

    Hi @karipettersen

    I can't add much in the way of recommendations on what should go into the CoA but I'll just add some info below on how to import your own CoA into Reckon One.

    The guide contains some important information on the format and mapping of data if you're looking to import your own custom CoA 👇

    https://help.reckon.com/article/zeeit29spf-import-chart-of-accounts

    Merry Christmas & Happy New Year everyone! 🎅🎆

    I'm on leave from 23 December and back on deck again January 6th.

    If you're working through the holiday period, we've got support available and you'll find our holiday hoursHERE.

  • karipettersen
    karipettersen Member Posts: 4 Novice Member Novice Member

    Have just used the standard chart and changed descriptions to suit the previous system P&L and Balance Sheet items

    This has allowed input of previous year end balances for comparison purposes

    For Strata purposes, this has allowed splitting Admin expenses from Capital expenses but does not show the cash at bank into separate categories. As we are only a small strata we do not think that this will be an issue as the equity can (is) split into both categories and other than cash there are few other balance sheet accounts

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