Difference between revisions of "4 New Account"
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'''Create a New Account''' | '''Create a New Account''' | ||
| − | Do you know how to setup a new account for your Chart of Accounts? | + | Do you know how to setup a new account for your Chart of Accounts? |
| − | *First make sure the '''Preferences''' have been set correctly | + | *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 '''Accounts''' from the '''Main Menu''' then select the '''Account''' button. |
*Select '''Account Type''' and select from the drop down '''E.g. Expense''' | *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''' | + | *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. | + | *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 the'''Account Type''' first; then the '''Sub Account'''; then further '''Sub Account''' names can be created. | '''N.B. '''You have to create the'''Account Type''' first; then the '''Sub Account'''; then further '''Sub Account''' names can be created. | ||
| − | *Select the '''Tax Code''' if desired and '''Account Description ''' | + | *Select the '''Tax Code''' if desired and '''Account Description ''' |
*Select '''Allow Expense Claim''' if the '''Account Name''' allows expenses to be claimed by employees. | *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. | + | *Tick '''Is Header''' if the account is to be a header. |
*A '''Header''' has no value and can not have transactions posted to it | *A '''Header''' has no value and can not have transactions posted to it | ||
*Check that the information is correct and and select '''Save''' | *Check that the information is correct and and select '''Save''' | ||
Latest revision as of 14:51, 12 July 2011
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
