Go to Settings -> Chart of Accounts
This segment is used by the advisor/ accountant to set up the chart of accounts which contains 6 sections Assets, Expenses, Liabilities, Equity, Revenue, and Inactive. One can edit/ deactivate any particular account by clicking “Edit” or “Deactivate” button.
System codes marked by lock sign cannot be deleted or deactivated, only one can change their names and codes. Click “Edit” or “Deactivate” button.
To add new codes, click Add New Nominal Code > Fill Details > Save
To add new account group/ category click Plus sign > Panel > Add new account/ category
For each new account code added, you can select GST rate default value. This is useful when you create invoice, bill or expense.
Note: When you select any particular nominal code software automatically selects related default GST rate for you.
Select Code > Export. This will export the selected codes into excel file which you can download later.