Chart of Accounts

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To be able to preform accounting you need to set up a chart of accounts.

All relevant treasury general ledger accounts should be added in Chart of accounts.

A. Add a Chart of Account

1. Add a new chart of account by using the + sign. The - sign removes a account
2. Give the chart of account a name (the Company name)
3. Write a description (optional)
4. Choose which account that should be rounding account (first you need to add the account in the chart, see section B below)
5. Press Save

Note that is is possible to have several Chart of Accounts if needed, e.g. one per each Legal Entity for which accounting should be created for, if the Chart of Account differs between the Entities.

B. Add accounts to the Chart of Account 

1. Add an account by clicking on the + sign. Remove by using the - sign
2. Type in the account number
3. Type a description of the account. 
4. In column "Accounting Account type" You choose how the sign of the amounts should be shown in the general ledger; as Minus Credit Plus Debit or Plus Credit Minus Debit (typically debit account). The sign here affects the sign the amount will be shown with in Accounting reports and which sign it will have when exported to the ERP.
5. Choose if the account is a Balance Sheet or Profit And Loss account.
6. Press Save

It is also possible to import a new Chart of Account, see the following Article: How to Import Chart of account