Some users may only want the parent account (Fixed Assets) on the Summary/Balance Sheet Report and the ability to drill down to the sub-accounts (m/v, f&f, l&b), others may want to see the sub-accounts being actually shown on the Summary/Balance Sheet ReportĪt this stage it seems that Custom Control accounts are individually listed accounts, perhaps future enhancements will cater for both this full display and the parent/sub-account type display. The situation is that various users want different things from Custom Control Accounts - take Fixed Assets (or Inventory) - both consist of individual items.

Haven’t downloaded the latest edition but I suspect not due to the fact, when you open a new cash account - it is actually an account where as with new Inventory it’s an Item not an account. In short, can I do what I am trying to do which is show inventory purchases on the balance sheet and then see subcategorise the inventory purchases into Computer Purchases, Laptop Purchases what you are describing is similar to the Cash Accounts tab where you can have Cash & Cash Equivalents (parent account) on the Balance Sheet but on the drill down you can get to the various petty/bank accounts (sub-accounts). I have looked at the Custom Income Account and Custom Expense Account but this seems to be similar to Custom Control Accounts expect that instead of one account for both purchases and sales you can split the account into expense and income accounts - I am not actually seeing the point of custom control accounts for inventory given that most people want to split the expenses and income into two different accounts. So Sub Accounts and Custom Expense Accounts is not really what I am looking for as its not desirable to have dozens of different inventory accounts showing on the balance sheet - for the purposes of the balance sheet, one wants inventory purchases. However, I would ideally like to have Inventory Purchases showing on the Balance sheet and then click a plus to expand and view the individual Inventory categories instead of having a dozen Inventory Categories on the Balance Sheet as it were.

Sub Accounts would be a step in the right direction as I could have Inventory Purchases and then all my Inventory Purchases Accounts underneath the heading Inventory Purchases using the Custom Expense Account in inventory. Also I think that if I used Custom Control Accounts for inventory it would lump both purchases and sales together I think? So custom Control Accounts is not what I am looking for. The problem with using Custom Control Accounts is that I would get Computer Purchases and Laptop Purchases on the balance Sheet. What I want to do is have the following on the Summary Sheet I am not sure if I am trying to do the same thing as the OP. CIMA, London defines Non-integral system as a system in which the cost accounts are distinct from financial accounts, the two sets of accounts being kept continuously in agreement by the use of control accounts or made readily reconcilable by other means.Its ironic this question coming up as I am struggling with the very same thing today. Non-integral system of accounting is also known as non-integrated system or Inter-locking system or Cost Ledger Accounting system. Since separate ledgers are maintained for cost and financial accounts in this system, the cost accountant is responsible for recording of the cost accounting transactions and the financial accountant is responsible for financial transactions. In other words, cost accounts are maintained separately from financial accounts. Non-integral system is a system of accounting under which two separate sets of account books are maintained-one for cost accounts and the other for financial accounts. In this article we will discuss about Non-Integral System:- 1.

Cogs control account