003-Chart of Accounts

• Set-up Chart of Accounts (COA) first

  • The Chart of Accounts prepares the subsidiary ledgers that is necessary for each account.

Setup

1. Goto: Accountant Tools / Transactions / Chart of Accounts OR [CTRL][ALT]+A
2. Use?: Make New / Edit / Inactive?
3. Action column: New / Edit / Inactive / Run Report
4. New OR View register from drop down menus

Setting Up Chart Of Accounts

NOTE: It’s not possible to make some accounts inactive.

Adding a New Account

1. Go to Top right for New
2. Select Type for the account
3. Enter Name
4. Choose if you want parent of sub-account
5. Click Save and Close or Save and New

Ex. NACPB Chart of Accounts

• This list includes many common accounts for different situations.