Chart of Accounts

Chart of Accounts

Chart of Accounts listed all types of accounts like Assets, liabilities, Income, Expenses, Cash, Bank, Equity , Sales and Purchase. We can create New Account type with all group of Accounts. When we create a new sub account it would be listed in the chart of accounts with it Parent group .

3- Chart of accounts

Add New account

To Add New account click on “ New Account “ button on the top right and provide account details.

4- Account

Account name –  Provide the Account name which is mandatory to create.

Account code – Code is optional which is used to remember

Group –  Select the parent Account for the new account which is mandatory.

Description –  Provide the details of the new account.

Active –  Choose whether the account is active ot not