Contents
How is a hierarchical account group set up?
A hierarchical group is headed by a parent account with child accounts beneath it. At each level above the bottom of the hierarchy, the child accounts themselves can be parent accounts. You can set up account groups for billing purposes.
Can a child account be a parent account?
At each level above the bottom of the hierarchy, the child accounts themselves can be parent accounts. You can set up account groups for billing purposes. For example, a corporate customer might have several accounts for corporate employees, but the corporation itself pays all the employees’ bills.
How to set up a chart of accounts?
Within your Chart of Accounts, a hierarchy can be set up to list certain accounts as “children” accounts to sit under the “parent” accounts. This allows for grouping and sub-totalling of accounts when viewing your financial reports. Choose the “parent” account for your “child” account to sit under.
How does changing the status of a parent account affect a child account?
Changing the status of a parent account in a hierarchical group does not affect the status of child accounts; it only affects the status of the subordinate (nonpaying) bill units in the child accounts. By default, changing the status of the parent account changes the status of all the parent’s bill units and those of its child accounts.
Why are many accounts locked in a hierarchy?
To maintain reliable data consistency, many operations lock an account at the beginning of the transaction. Therefore, in an account hierarchy, many of the associated accounts are also locked. While this provides reliable data consistency, it can cause a lot of serialization which decreases the throughput of the system.
Can a hierarchical account group contain multiple bill units?
A hierarchical bill unit group can contain bill units of accounts that do not belong to the same hierarchical account group. Figure 3-5 shows two account hierarchies with multiple bill units. Because there are only three paying bill units, there are only three bills.
How to enable account hierarchy in chargebee account?
To enable account hierarchy within your Chargebee account, reach out to [email protected]. If you’ve come across any interesting use cases and you’re wondering if Account Hierarchy will solve it, share them with me at [email protected].