Our question was specifically intended to address the need for both mineral and petroleum clients to have additional asset classes of (1) Exploration Assets (2) Development Assets and (3) Mining Assets!
Does anyone know if it is possible to add 3 additional "Account Types" please?
As mentioned you cannot change the account type but I understand how this categorisation of account types cannot produce reports that mix both balance sheet account types as well as expense account types - for example exploration reporting where P&L expenses are mixed with capitalised costs, or where maintenance costs can be for both capital assets as well as revenue earning assets and still have to be reported on for say total maintenance costs purposes.
My solution is to create a separate chart of accounts by using the descriptions field in the account master table. By exporting your data to excel and using a report writer you can create any report you like. This is ideal for clients who have the need for specialised reporting . As a Reckon Consulting Partner I have provided outsouced reporting services for resource companies on this basis for many years.
Contact me for more details at email@example.com