Chart of Accounts

Manage Chart of Accounts.

Overview

Chart of Accounts is under TX Setting.

1. Search an account.

2. Add a new account.

3. See detailed information for each account — code, name, type, and description.

4. Modify or delete an account.

The below are accounts that are provided by default.

Code	Name	Type	Description
101	Accounts Receivable	Assets	Money owed by customers
102	Inventory	Assets	Value of goods held for sale
201	Accounts Payable	Liabilities	Money owed to suppliers
202	Accrued Liabilities	Liabilities	Unpaid expenses recorded
301	Owner's Capital	Equity	Owner's investment in the business
302	Retained Earnings	Equity	Accumulated profits or losses
401	Revenue	Revenue	Income from sales
402	Returns and Allowances	Revenue	Sales returns and discounts
501	Advertising Expense	Expense	Costs for promotional activities
502	Wages Expense	Expense	Employee compensation costs

Add Account

You can add accounts by uploading a file or entering the details manually.

Upload a File

Fill out the template and upload the file.

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1. Click Add New.

1. Click Download Template to download the Excel template sheet.

1. Click Upload File to upload the filled-out Excel file. The list of your accounts will automatically be uploaded in bulk.

1. Click Validate to validate your accounts.

Refer to the table below for possible causes of failure.

Error message	Description
Already exists	In case the code or name of the account is already registered.
Only numbers can be entered	In case text other than digits are included in the account code.
Please enter at least 3 characters	In case the account code is less than 3 characters.
Maximum 10 characters are allowed	In case the account code is more than 10 characters.
Special characters are not allowed	In case special characters are used in the account name.

1. Click Confirm to complete the registration process.

Enter Details Manually

You can also register your accounts by manually filling out the information.

1. Click Add New.

1. Click Add Account.

1. Enter account information and click +.

1. Click Validate to validate your accounts.

Refer to the table below for possible causes of failure.

Error message	Description
Already exists	In case the code or name of the account is already registered.
Only numbers can be entered	In case text other than digits are included in the account code.
Please enter at least 3 characters	In case the account code is less than 3 characters.
Maximum 10 characters are allowed	In case the account code is more than 10 characters.
Special characters are not allowed	In case special characters are used in the account name.

1. Click Confirm to complete the registration process.