Accounts which are used in general ledger of an organization is chart of accounts. Chart is used by the accounting software to aggregate information into an entity’s financial statements and it is usually sort by account code so that accounts can be properly located. These accounts codes are usually numeric or alpha-numeric

How to get there!

To create chart of account, click on settings > business settings > chart of accounts

Create chart of account

Create chart of account

Enter the account name and select the account type from the dropdown. Based on the selected account type, account code needs to be entered based on the range. Description can be entered for the account but it is optional.  Account category will load based on the account type.

SubAccount

If this is a sub account then the check box needs to be selected and the parent account. Parent account will load based on the account type.