Classes and Subclasses

Accounts are organized in classes, subclasses, sub-subclasses, and so on. For example:

• Class: 4 - Receivables and Payables

• Subclass: 40 - Payables; 41 - Receivables

• Sub-subclass: 419 - Advances Received from Customers, Discounts, and Refunds

• Sub-sub-subclass: 4191 - Advances Received on Orders