model accounts

[SammyG]

Dear all,

I've just noticed that in our T/B report the data selection has chosen not to select 'M' and 'C' 'model and consolidation flag'. Can anyone tell me what this is used for - what is a model and consolation flag. There does not seem to be anything in the documentation about this.

Many thanks

Sam

 

[Sef]

Hi Sam

I am surprised to hear you can't find any documentation on this flag. I'd be pretty positive if you dig a bit further you will find some info.
In short, both type of accounts typically do not have any transactions recorded against them and as such are normally excluded from T/B.
A model (chart of) account is used as a default account (eg a standard P/L for a cost centre) which can then be copied to an actual business unit. It merely facilitates and simplifies chart of account set up and maintenance
A consolidated account is typically only used for (statutory) reporting.

Hope this helps.