Statistical Accounts

Empower your financial departments to track non-monetary data and use that information on financial reports such as income statements. Rand Group’s Statistical Accounts for Business Central allows businesses to create, monitor, and report on non-financial data by creating a non-monetary-based General Ledger (G/L) account that can be used to maintain statistical information.

Feature highlights:

Create your unique Statistical Accounts

Statistical accounts can be created to track important non-monetary data. Once the statistical account is created, you can post statistical journal entries to update the balance. For example, you can create a statistical account to maintain employee headcount for your organization. Then, you will create a journal entry for your initial employee headcount. You can post additional entries to update the balance as you hire more employees.

Then, add statistical information to financial statements

Once you create a statistical account, you can use the non-monetary information in the account on financial reports and statements such as income statements, balance sheets, and cash flow statements. Financial users can then examine its relationship with the financial activity of your organization. For example, we can add our employee headcount statistical account to our income statements to report on net income per employee.

Use your statistical accounts to keep track of nonfinancial data such as:

Supported editions: This app works with both the Essentials and Premium editions of Dynamics 365 Business Central

Supported countries: United States & Canada