21st Century Accounting Help - General Ledger

Segment Value and Name

Use the General Ledger/Configure/GL Account Segment Names window to give names to the account segments that represent departments, divisions, regions, stores, cost/revenue centers, whatever the subdivision is by which you track your business. You can then use the names elsewhere in the system to identify the subdivision.

Value. Enter the segment value that represents the subdivision in your account structure for which you watn to provide a name.
Name. The system defaults a name based on the segment value. You can accept the default name or type over the default with your own name for each segment value that represents a subdivision in your account structure.

Example:

Say, for example, that the Chart of Accounts looks like this snippet:

Account ID in COA	Account name in COA
2000-000	FIT Payable Company
2000-001	FIT Payable 001 Admin
2000-002	FIT Payable 002 Books
2000-003	FIT Payable 003 CDs
2000-004	FIT Payable 004 Software
6000-000	Salary Expense
6000-001	Salary Expense 001 Admin
6000-002	Salary Expense 002 Books
6000-003	Salary Expense 003 CDs
6000-004	Salary Expense 004 Software

You will give the segment values names like these:

Segment Value in this window	Default Name in this window	*Name* you type in this window
000	Department 000	Company
001	Department 001	001 Administration
002	Department 002	002 Books
003	Department 003	003 CDs
004	Department 004	004 Software