cut off branch and start as new entity 1

[johnhugh]

Hello,

We are currently using Accpac 5.5.
The way we organised our GL segments is that the 1st segment represents a branch of our business.
So we have GL accounts like this 01-0001, 01-0002, 02-0001, 02-0002.

Now, 1 of our branches needs to be closed by the end of last month and becomes a new entity.
So for example I would need to close off all accounts which have 02 as the first segment by the end of last month. And then start a new segment 03 from the beginning of this month for that new entity.

Has anyone done something like this before? Where do I start? How can I do it? Any advice much appreciated.

 

[ettienne]

That's very basic accounting stuff...
Add the new segment and GL accounts for 03 and take it from there.

 

[wysiwygGER01]

Hi ettiene,

I explained it wrong. All transaction of the old branch needs to be moved to a new segment 03 and I want to use the current segment 02 for the new entity.

So I need to separate transactions pre and post this change and want to start with no P&L data in my accounts for segment 2.

 

[Jay Converse]

Use the Account Code change utility.

 

[ettienne]

Yeah, use account code change for that.

 

[johnhugh]

Thank you.
I'll try that.