Statistical accounts are GL accounts, though since they are non-monetary and they do not impact the GL. They will, however, be listed in the Chart of Accounts. These accounts allow to track and report on key non-monetary data.
How to Set Up Statistical Accounts
To create a statistical account, navigate to Setup > Accounting > Manage G/L > Chart of Accounts > New. On the New Account page, find the Type field and select “Statistical” from the dropdown list.
Once chosen the type of account, the options on the page that are unique to statistical accounts. Now, instead of choosing a currency for this account, choosing a unit type and the default unit.
While on this page, you’ll also want to name your new account and assign it an appropriate account number. In the Date field, you’ll enter the date you wish to record the initial opening balance against. You can also restrict the account to a specific classification or subsidiary, and you can restrict the account to an accounting book.
Can see a list of all your statistical accounts if you navigate to Setup > Accounting > Chart of Accounts and select Statistical in the View field.
How to Use Statistical Accounts
After you have set up any statistical accounts you’ll be using, you can begin entering journal entries against them. As with setting up the account, making journal entries is going to feel familiar as long as you’ve made journal entries in the past. To make a statistical journal entry, navigate to Transactions > Financial > Make Statistical Journal Entries.
On the main line, select key identifying information, such as the subsidiary this entry will be associated with.
In the Statistical Information field group on the journal entry record, you’ll select the unit of measure type. Then, under the Lines subtab you can enter information for the statistical journal lines.
