Setting Up Accounts
An account identifies the type of economic activity represented by an accounting transaction. Examples of accounts are Permit Revenue or Advertising Expense.
Account is one of the six segments (fields) that may be specified for each accounting rule distribution line to classify the transaction for financial and operational reporting purposes.
You add, modify, and delete accounts on the Account page.
Adding an Account
Select
.On the Account page, click Add.
On the Account Details page, enter values for the following fields:
Page Element
Description
Account
Enter a unique identifier for the account.
Description
Enter a description of the account.
Account Type
Select a type for the account. Valid values are:
Assets
Liability
Equity
Expenses
Revenue
From Date and To Date
Enter the date range for which the account is valid.
Click Save.
Modifying an Account
Select
.Click a row on the Account page.
On the Account Details page you can:
Update the account field values.
Note: You cannot edit the Account field.Delete the account. You will be prompted to confirm the permanent deletion.
Click Save.
Deleting Accounts
Select
.Click Edit.
Select the check boxes next to the accounts you want to delete.
Click Delete. You will be prompted to confirm the permanent deletion.