In this article we look at how to create General Ledger accounts in Jiwa.

Overview

General Ledger account codes in Jiwa can be set-up to contain up to 50 alphanumeric characters which can be further divided into 6 distinct segments. This flexibility accommodates both users with very simple account structures right up to those users with more complex structures.

The structure of your General Ledger accounts would have been determined during your Jiwa implementation phase.

Parent and Posting Accounts

Jiwa has 2 types of accounts

• Parent Accounts – These are read only accounts and are only created when you have 2 or more segments in your account structure. All child accounts are consolidated up to the parent account/(s).

• Posting Accounts – These are accounts that can be posted to

To demonstration this hierarchy in the following example we have a simple account structure that is made up of 2 segments

Account (5 Characters) – Sub Account (2 Characters)

M/V Expenses are consolidated because there are 2 sub accounts linked to the main account 60000.