4 New Account
From TrueERP wiki
Create a New Account
Do you know how to setup a new account for your Chart of Accounts?
- First make sure the Preferences have been set correctly. Select Utilities - Preferences - Accounts
- Select Accounts from the Main Menu then select the Account button.
- Select Account Type and select from the drop down E.g. Expense
- Then in the Account Name field type in a Header account E.g. Motor vehicle expenses and select Save
- If you wish further breakdowns of costs a Sub Account can also be selected E.g. Petrol and then new Account Name Holden. This will give a Multi tiered account which can be seen in the Account Tree View box.
N.B. You have to create theAccount Type first; then the Sub Account; then further Sub Account names can be created.
- Select the Tax Code if desired and Account Description
- Select Allow Expense Claim if the Account Name allows expenses to be claimed by employees.
- Tick Is Header if the account is to be a header.
- A Header has no value and can not have transactions posted to it
- Check that the information is correct and and select Save
