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The traditional accounting approach is based on a complicated accounting code that is cumbersome to use, inflexible and difficult to maintain. At first the design made sense. It was promoted by data processing to facilitate sorting and consolidation of information. Accordingly, the traditional account code contains a large number of elements, and it exhaustively describes the company and its accounting structure.
But as companies expanded worldwide and created more and more separate business units and
therefore an almost infinite number of divisions, departments, accounts and sub-accounts, the
ensuing lengthy chart of accounts has caused maintenance nightmares and system overloading. If
fact, the very length of the traditional code promotes posting errors and results in an inflexible
accounting structure that is poorly suited to accommodating organizational change.
The Multiview Approach
You don't have to pay the price of a cumbersome chart of accounts simply to achieve the benefits
of a computerized system. After all, an accounting code really only needs to convey three types
of information:
Instead of using a single, long accounting code to represent all of this information Multiview
uses a concise, intuitive set of codes, which we call units, accounts and projects. The result is
a shorter chart of accounts, more accurate posting and a quantum leap in flexibility.
Increased Power with Decreased Maintenance
Multiview dramatically changes the way you maintain your accounting codes. For example, in a
traditional accounting system, adding a new department that utilizes 100 different accounts
requires entering 100 new codes. Multiview accomplishes this same maintenance task by adding only
one code. Multiview users reduce their number of accounting codes by more than 85%, while
increasing their reporting power.