Account Settings - Also refer as chart of account, there are 7 types of account.
The Active column indicate current account status. Only active account can be use to enter data in the transaction.
Account code can be any combination of character and number, but is recommended to use :
Account that is type fixed asset start with 1xxx or 1-XXX, current asset start with 2xxx or 2-xxx, etc...
|•||Acc# - Account code for the master file.|
|•||Acc Name - Account description for the master file.|
|•||Acc Type - Type of account.|
|•||Retain - Retained Earning, only 1 account will be selected as retained earning, and must be setup before Year End processing.|
Detail screen is disable when in browse mode, press insert / edit button to add / edit account info.
Click the account drop down list to select proper account type.
After all data entered, click save to persist changes or cancel to revert changes.
Click to Add new account
Click to Delete account
Click to Edit account
Click to Save account
Click to Cancel Add / Edit account