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