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Forums Financial Management Lawson S3 Financials

Restricted Funds

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Vince
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10/22/2013 3:54 PM
In the past I have worked at a place that ran all restricted fund transactions through an account (net Assets) on the balance sheet. Now at a place installing Lawson and the cosultant wants transactions through a cost center in the P&L. What do others do? I would prefer all through balance sheet.
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10/22/2013 4:14 PM
Lawson doesn't allow you to do transactions against an account directly, you need to have an associated Accounting Unit. We have it set up with a single Balance Sheet accounting unit in each company. This one then has access to only Balance Sheet accounts, and all other accounting units have Income Statement accounts. There is then setup on the company to declare which accounting unit is the Balance Sheet for the company.