Account/COA

What is the Chart of Accounts?

The Chart of Accounts (COA) is like a filing cabinet for your business. It is a list of all the categories (accounts) where you store your money transactions.

For example:

• Cash Account: Money you have in hand.
• Bank Account: Money in your bank.
• Rent Expense: Money you spend on office rent.

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Viewing Your Accounts

You can look at your accounts in two ways:

1. Tree View

This shows how accounts are related. For example, “Current Assets” might include “Cash” and “Bank”.

2. List View

This shows all your accounts in a simple list, like a spreadsheet. It tells you the name, type, and current balance of each account.

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Account Details & Ledger

When you click on an account name, you can see its Details. This shows you every single transaction that has ever affected that specific account.

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Create a new category (Account)?

1. Go to Accounting Setup → COA.
2. Click the “New” button.
3. Give it a Title (like “New Office Laptop”).
4. Pick the Type (is it an Asset? an Expense?).
5. Click Save. Now you can start recording money in this new category!