Chart of Accounts
Define the ledger accounts that every transaction posts to—the backbone of your financials.
Overview
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Master list of every account used to classify transactions.
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Drives posting logic, financial statements, and management reporting.
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Supports account hierarchy, status (active/inactive), and tags.
Where to Access
- Accounting → Chart of Accounts
Key Attributes
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Account Name / Number : Identifier and ordering.
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Account Type : One setting per account, chosen from a fixed list — Bank, Accounts Receivable, Other Current Asset, Fixed Asset, Other Asset, Accounts Payable, Credit Card, Other Current Liability, Long-Term Liability, Equity, Income, Other Income, Expense, Other Expense, Cost of Goods Sold.
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Currency : Account-level currency, set when the account is created (if applicable).
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Parent Account : Optional hierarchy.
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Active : Availability toggle (cannot deactivate if in use for required postings).
Key Functions
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Add an account : Click Add New , choose Account Type , name/number, parent (optional) → Save.
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Edit attributes : Update name, parent, or active status (respecting system constraints).
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Run Report : View activity balances or summaries for the account or group.
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View Register (supported types): Drill into chronological transactions for Bank, A/R, Other Current Assets, Fixed Assets, Other Assets, A/P, Credit Card, Other Current Liabilities, Long-Term Liabilities, Equity.
Related Features
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Journals, Expenses, Payments/Bill Payments
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Bank Deposit, Transfer Funds
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Financial Reports (Balance Sheet, P&L)
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View Register / Run Report