Software Spotlight: Entity and Strategy Setup – Multiple Account Functionality for ALL Accounts

CapellaFX now has the flexibility to store multiple accounts for each and every account, not just the Effective, Ineffective and Excluded accounts.

To update your accounts, open the Entity Setup window.  In the General Ledger Accounts tab, select an Entity, then select “Unlock GL Accounts” at the bottom of the screen. Note: that in some cases the bottom of the form will not automatically be displayed, so you will need to scroll to the bottom using the scrollbar.  Select the account type from the Multiple Accounts list, click the “New” button and enter the additional GL account name(s) and GL account number(s).  Click “Save” and Exit from the Entity Setup module.  In the Strategy Setup window, choose the entity you used before, then select a Strategy in the General Setup tab and open the GL Account Designation tab and choose the new accounts from the dropdown. Click “Save.”  Once you run MTM in the Period Close window, the new accounts will appear in your reports.  Any prior period accounting will not be impacted by the change in accounts.

To learn more about Multiple Accounts, please contact the Client Support and Solutions Team via the “Client Support” button on the CapellaFX home page.