Chart of accounts

This description refers to additional functionality that must be activated explicitly in Complete Control Backoffice. Your single point of contact at House of Control AS can help you with this.

Here you can see all charts of accounts used for the IFRS 16 journal and group reports.

You can add own charts of accounts and map certain accounts to account numbers for assets, profit and loss or equity and liability.

  1. Go to System settings - Contracts - Chart of accounts.

  2. Click New account list.

  3. Enter a Title and click Save. An empty accounting is created.

  4. Select it and click Edit.

  5. Now, enter the Account numbers for your various Account types.
    Tip! We recommend using the numbers of a standard chart of account from your country.

  6. If an account is missing, you can create a new one by clicking Add account: Select an available account from the list, select the account category and enter a number. Save.

  7. Save the updated chart of accounts.

The chart of accounts is now updated, and the numbers are mapped against the accounts.

You can assign a dedicated chart of accounts forgroup-level consolidated estimates in the IFRS 16 Group report: 

  1. Go to System settings - Contracts - Chart of accounts.

  2. Open the chart of accounts that shall be used as the group chart of accounts for consolidated estimates.

  3. Click Use as chart of account for the group.

  4. Save.

The group report will now use this chart of account for the consolidated estimate for enhanced reporting at group level and better visibility of group-level financial information