Create an account

Create an account to add a posting or summary destination to the chart of accounts. Select Menu, then select Accounting > Chart of accounts.

Before you begin

You need permission to manage the chart of accounts. Decide the account type first because it controls where the account appears in reports and which additional fields are required.

Create an account

1. Select Menu, then select Accounting > Chart of accounts.
2. Select Create account.
3. Review the suggested Number or enter an alphanumeric number up to 60 characters.
4. Enter the account Name and select Type.
5. Optionally select a Parent account of the same type and enter a description.
6. For a bank account or credit card account, complete Payment details when they must appear on printed invoices.
7. Select Summary only when the account will group child accounts. Transactions cannot post to a summary account.
8. Select Create.

The account appears in the Chart of accounts list. Its type cannot be changed after transactions are posted to it.