How to create chart of account (New version)

Pre-requisite: you may need to have Accounting role to access certain feature of this article.

1. Go to Accounting> Chart of Account
   
   
   
   
2. Click on Add new.
   
   
   
3. Fill up the form in each field.

   Name: the name of your new Chart of Account that will be displayed in most of the reports and dropdown selection

   Description: to describe the purpose / details about this Chart of Account for reference

   Account Type: type of Chart of Account

   Code: (auto generated) code of Chart of Account

   Debit Side:

   When you choose an account type, the system will automatically set the "debit_side" for you

   
   

   
   

   
   
4. Save it after done edit.
   
   
   How Account Type affect your reports?
   
   • If you choose account type under profit & loss, will reflect in P&L report
   • If you choose account type under balance sheet, will reflect in balance sheet report