Understand statistical accounts

Statistical account support addresses an industry-standard functionality, and gives you the ability to budget, control, and manage non-financial business metrics that help your company strategy and operational work.

Statistical accounts are used to track non-monetary data, such as unit count, or price per unit, and aren’t directly presented as GL accounts on any financial statements. Using statistical accounts in your calculations and reporting provides invaluable insight into your business that may otherwise be invisible. These data calculations can later be used to create your GL account data. Tracking key metrics with the use of statistical accounts also allows you to perform sophisticated analyses in financial reports.

You can establish a statistical account to maintain the employee headcount for a department in your organization. You can then use this statistical account to allocate the total amount of expenses in a GL account for a given time period amongst various departments, such as allocating rent expenses for different departments by headcount.