A parallel valuation perspective for a company — statutory, tax or management — under a named accounting framework. Exactly one book per company is primary: that is the real general ledger the statements post to, while the other books reuse the same ledger and layer a per-book valuation overlay on top rather than keeping a separate set of journals. The book is where a company opts in to cost-flow methods that need explicit acknowledgement, such as last-in-first-out or standard cost in a statutory book, and inventory valuation policies attach to it.
Fields
| Field | Label | Type | Required | What it does |
|---|
AllowsLifo | Allows Lifo | Boolean | | An explicit opt-in to last-in-first-out inventory costing for this book, meaningful only outside a statutory framework that forbids it. It exists as a deliberate switch so the choice is a recorded decision rather than a side effect of a valuation policy. |
AllowsStandardCost | Allows Standard Cost | Boolean | | An explicit opt-in to standard costing inside a statutory book, acknowledging that the standard has to be trued up to actual cost at period end. Leaving it off is what prevents a valuation policy from quietly using standard cost in the filed accounts. |
BookType | Book Type | Text | | Statutory, Tax or Management. The statutory book is the one whose figures are the filed accounts; the other two reuse the same general ledger and differ only through a valuation overlay, so they are perspectives rather than separate sets of journals. |
CreatedById | Created By | Lookup → UserAccount | Yes | |
CreatedDateTime | Created On | DateAndTime | Yes | |
CurrencyId | Currency | Lookup → Currency | | |
Description | Description | Text | | |
GaapFramework | Gaap Framework | Text | | The reporting framework the book presents under, one of the Indian, international or US standards. It governs which cost-flow methods are acceptable, which is why the last-in-first-out and standard-cost opt-ins exist as explicit switches alongside it. |
Id | Id | Guid | Yes | |
IsActive | Is Active | Boolean | | |
IsPrimary | Is Primary | Boolean | | Exactly one book per company is primary, and that book is the real general ledger the statements post to. Non-primary books do not hold their own journals — they are the primary ledger plus a per-book valuation overlay. |
ModifiedById | Modified By | Lookup → UserAccount | Yes | |
Name | Name | Text | Yes | |
OwnerId | Owner | Lookup → UserAccount | Yes | |
PartnerAccountId | Partner Account | Lookup → Account | | The company (legal entity) the book belongs to, following the finance convention that the partner account is the company. Books are per company, and the primary-book rule applies within one company, not across the tenant. |
RecordTypeId | Record Type | Guid, hidden | | |
UIProps | UI Props | Text | | |
UpdatedDateTime | Updated On | DateAndTime | Yes | |
Actions
| Action | Label | Type | What it does |
|---|
BulkDelete | Delete | Delete | Delete the selected records |
Clone | Clone | ServerAction (Clone) | Create a copy of this record |
Delete | Delete | Delete | Delete record |
DeleteInList | Delete | Delete | Delete record from the list |
Edit | Edit | Edit | Edit record |
EditInLine | Edit | EditInline | Edit record inline |
EditListRow | Edit | Edit | Edit record from the list |
New | New | New | Create a new record |
