Manage your Chart of Accounts by understanding the type of accounts you can create.

Difference between an account and a bank or cash account

You can create customized accounts that suit your company’s needs.

Choosing the right account

Adding a bank or cash account means that you can add any bank account or related cash account whereby your business makes financial transactions.

An account can be from any other account types, such as Revenue, Expenses, Assets, Liabilities, or Equity.

How to add New Accounts

1. Click on "Add" button to add a new cash and bank account in the system. Below window will appear where you need to fill in the required details,

Adding New Account

Type: Select the Account Type from the drop down menu

  • Type - Select the account type from the drop down menu
  • Code: Mention the account code
  • Name: Account name
  • Description: Account Description

Lastly click in the "Save" button for creating a new COA in the system.

How to mark Accounts Inactive

If there are accounts that you do not need or use less frequently, you can choose to Deactivate the account.

Marking Inactive Accounts
Export, Import and Account Summary

Import COA: You also have an option to bulk import the contacts by clicking on the Import Contacts icon

Export COA: You can also Export contact data in an Excel format by clicking on the Export icon

Summary of COA: You can also view the COA summary like, Total number of account available and Total account balance.

Using your Chart of Accounts, you can start generating your General Ledger.