Chart of Accounts

The Chart of Accounts defines the complete set of financial accounts used by the company to classify, record, and report all accounting transactions.

How to Create a New Chart of Accounts:

1. Go to Master Data Files
2. Click Accounting Parameters
3. Click Chart of Accounts
4. Click Create New (F1)
5. Enter the details for the new account.
6. Click Save

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Visual Guide

Figure 1: Locate the Accounting Parameters under Master Data Files.

Figure 2: The account details entry screen.

💡 Tip: Remember that you can use the F1 shortcut key to quickly open the "Create New" window without clicking!

How to Update a New Chart of Accounts:

1. Go to Master Data Files
2. Go to Accounting Parameters
3. Click Chart of Accounts
4. Click blue font text or the Acct No.
5. Enter the updated details for the new account.
6. Click Update

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Visual Guide

Figure 3: Update an existing Chart Of Account.