Chapter 1. Introduction
Chart of Accounts
The Chart of Accounts is a complete selection of accounts in the system from which every transaction can and must be sorted.
Select [Char Of Account], the Chart of Account Maintenance, and follow the standard Table Operating Procedure to add, modify or delete an account in the Chart.
However, you are not allowed to modify or delete an account if there are transactions existing in it.
Field Definitions
Account code This is a number code assigned to the Account Name by the user to identify the account. This code will be used throughout the system. No two Account Names may be assigned the same number code.
Account Name Name of the Account.
Account Type Type “A” if it is an Asset/Liability Account. Type “R” if it is a Revenue /Expense Account.
|
Print this page
