A Chart of Accounts is a listing of all accounts used in the general ledger of an organization. During the installation, Susan.one will automatically add a default chart of accounts, where you can add or remove accounts, as needed, to better suit your company’s needs.
To review current chart of accounts, navigate to Settings > The chart of accounts. Once there, you’ll see a list view of accounts.
Each account corresponds to financial statement: the balance sheet or the income statement.
In Susan.one, all accounts with type assets or liabilities and equities are balance sheet accounts, and accounts with type operating revenues or operating expenses are income statement accounts.
To add a account, follow these steps:
When the account is income statement account, you can select the income statement row.
To edit the account, follow these steps:
On built-in accounts, you can’t change the account type
To delete the account, follow these steps:
All sub-accounts of the account to be deleted will be raised to the level of the deleted account
Built-in accounts can’t be deleted