Chart Of Accounts

The Chart of Accounts is a structured list of all financial accounts used in an organization. From here, you can view and manage account details such as:

The Chart of Accounts section allows you to manage financial accounts with the following details:

• Account Type: Specifies the category of the account .

• Company Name: Displays the associated company name.

• Code: Unique identifier for the account.

• Parent Account Name: Shows the parent account under which the account falls.

• Cost Center: Specifies the cost center associated with the account.

• Status: Indicates whether the account is active or inactive.

• Balance: Displays the current balance of the account.

• Action: Allows you to perform actions such as editing or deleting the account.

  
  

By clicking the Select button, you can perform multiple actions, such as:

• View: You can view the details of the Chart of Accounts, including account type, balance, status, and other financial information.

Add New Ledger: A ledger is a record where all the financial transactions of a particular account are stored. Creating a new ledger allows you to manage and track financial activities for specific accounts within your organization.

To create a new ledger, just follow these steps:

• Name: Set the name of the ledger.

• Code: Assign a unique code for the ledger.

• Description: Provide a description of the ledger.

• Is Group/Cost Center: Specify if the ledger is a group or a cost center.

• Ledger Type: Select the type of ledger.

• Opening Balance: Set the opening balance for the ledger.

• Status: Choose the status .

• Add as Sub Account: Select if this ledger will be a sub-account.

• Select Parent Account: If it’s a sub-account, select the parent account.

• Save: Click the save button to create the ledger.

  
  

  
  

  Import Ledger Account: This feature allows you to add multiple ledger accounts in bulk. Follow these steps:

  • Sample File Download: Download the sample file to input the ledger accounts.

  • Browse: Choose and upload the Excel file containing the ledger accounts.

  • Next: Click the "Next" button to upload your file and complete the process.

  
  

  

  
  

  Export Ledger Account: By clicking this you can export the ledger account.