Managing the Chart of Accounts

The Chart of Accounts is a critical component for organizing your financial records in ERP ERP. This guide explains how to set up and manage it effectively.

1. Go to the 'Accounting Module' and click on 'Chart of Accounts.'
2. Click 'Add Account' to create a new account under the appropriate category (e.g., Assets, Liabilities, Income).
3. Enter the account name, code, and description for better identification.
4. Assign the account to a parent category for structured organization.
5. Edit or deactivate accounts as needed to maintain accurate records.
6. Use the Chart of Accounts to generate financial reports like balance sheets and profit/loss statements.

• Go to the 'Accounting Module' and click on 'Chart of Accounts.'
• Click 'Add Account' to create a new account under the appropriate category (e.g., Assets, Liabilities, Income).
• Enter the account name, code, and description for better identification.
• Assign the account to a parent category for structured organization.
• Edit or deactivate accounts as needed to maintain accurate records.
• Use the Chart of Accounts to generate financial reports like balance sheets and profit/loss statements.