Accounts
- Julie Leake (Unlicensed)
- Carissa Warnock (Unlicensed)
- Frank Gambino
Your Accounts, which are a list of each line item that the accounting system tracks, should be designed to capture all information you need to track your financial information and make good financial decisions. Only information recorded with an account code from the chart of accounts will be recorded into the financial records, and from there into financial reports.
Accounts are typically divided into five categories: assets, liabilities, equity (or net assets), revenues, and expenses. Each account is assigned an identifying number for use within the accounting system. Aside from certain conventions regarding numbering and the order in which information is presented, you can tailor your chart of accounts to your organization's specific needs.
You can create new accounts or import accounts from external sources. If you work with compatible systems, you can also import and export account information.
Fields on the Accounts screen
| Field | Description |
Show | Determine whether to see only Active accounts, only Inactive accounts or All accounts. |
| Accounts pane | |
| Code | Code associated with the selected account. |
| Description | Brief description (custom text) of each account. |
Add | Click to add an account. |
Delete | Delete the selected account. |
Actions | Drop-down menu of options:
|
| Details pane | |
Code | Assign a unique code to the new account. |
Description             | Add a description of a new account. |
Interface Action | Specify how the account is handled during the import process.
|
Offset Account | Select an account that is used to offset the selected account. |
Re-Map Account | Associate imported data with a different account than the one with which it was imported. |
Active | Designate whether the account is active or inactive. |
