Easily manage your center’s Assets, Liabilities, Income, COGS, and Expense accounts from one section, located under Settings/Accounting/Chart of Accounts or Accounting/Settings/Chart of Accounts, depending on your permissions.
1. Before you can sync with your accounting software, you must set up your Income, COGS, and Tax Groups in your Chart of Accounts settings.
Note: The accounts set up for Income and COGS will be used later when setting up Materials, Labors, Assemblies, and Machines.
2. To set up a new account, click the plus button under any of the tabs.
3. Fill in the required information—designated by red asterisks—and any other information you need.
Note: Except for Assets, the Account Types are system defaults that cannot be changed and will match the tab you’re creating the account under.
Example: Current Liability account type for Liabilities accounts.
Asset Account Types
| Other Account Types |
4. Click Save when you're done.
Note: You can edit this account information when needed.
Additional Information
A. Under the Liabilities tab, there are two kinds of accounts: Sales Tax Liability or Current Liability.
Note: You can only create a current liability in Chart of Accounts. To create a Sales Tax Liability, go to Settings/Accounting/Tax Items or Accounting/Settings/Tax Items.
B. The Income, COGS, and Expenses tabs only have Income, COGS, and Expense account types.
C. You can click on any of your accounts to edit them.
D. System Accounts such as Bank Account, Customer Deposits, Finance Charges, and Bad Debt Expense come standard with your system and cannot be deleted.
E. You can click on the More Actions ellipsis at the end of any account to see more options.
