I am setting up a new, clean ERPNext v15 for a company and would like guidance on best practices for setting up asset accounting.
For example:
- Fund account 1 has an opening balance of 100
- Fund account 2 has an opening balance of 110
- Fund account 3 has an opening balance of 120
The simplest solution would be to create sub-accounts for each fund, but this approach isn’t very flexible. Therefore, I am considering using dimensions.
- Am I correct in assuming that dimensions are the right approach for this?
- If so, how do I create and maintain these dimensions, and can they be used for entering opening balances?
Thanks in advance!