Overview

• Master list of every account used to classify transactions.

• Drives posting logic, financial statements, and management reporting.

• Supports account hierarchy, status (active/inactive), and tags.

Where to Access

• Accounting → Chart of Accounts

Key Attributes

• Account Name / Number: Identifier and ordering.

• Type / Detail Type: Asset, Liability, Equity, Income, Expense, COGS, etc.

• Currency: Account-level currency (if applicable).

• Parent Account: Optional hierarchy.

• Default Tax Code: Optional mapping for tax handling.

• Active: Availability toggle (cannot deactivate if in use for required postings).

Key Functions

• Add an account: Click Add New, choose Type, name/number, tax code (optional), parent (optional) → Save.

• Edit attributes: Update name, parent, or active status (respecting system constraints).

• Run Report: View activity balances or summaries for the account or group.

• View Register (supported types): Drill into chronological transactions for Bank, A/R, Other Current Assets, Fixed Assets, A/P, Credit Card, Other Current Liabilities, Long-Term Liabilities, Equity.

Related Features

• Journals, Expenses, Payments/Bill Payments

• Bank Deposit, Transfer Funds

• Financial Reports (Balance Sheet, P&L)

• View Register / Run Report