Modules
Chart of Accounts
Set up and manage your general ledger accounts.
The Chart of Accounts is the foundation of your bookkeeping system. Every financial transaction references an account.
Account Types
| Type | Description | Example |
|---|---|---|
| Asset | What you own | Cash, Accounts Receivable, Equipment |
| Liability | What you owe | Accounts Payable, Loans, Tax Payable |
| Equity | Owner's stake | Owner's Equity, Retained Earnings |
| Revenue | Income earned | Sales Revenue, Service Revenue |
| Expense | Costs incurred | Rent, Salaries, Office Supplies |
Account Codes
Accounts use numeric codes for organization:
1xxx— Assets2xxx— Liabilities3xxx— Equity4xxx— Revenue5xxx— Expenses
Creating an Account
Navigate to Accounts in the sidebar and click New Account. Provide:
- Code — Unique numeric code (e.g.,
1200) - Name — Descriptive name (e.g., "Accounts Receivable")
- Type — One of the five account types
- Sub-type — Optional classification (e.g., "current", "fixed", "operating")
Default Accounts
The seed script creates 60+ standard accounts. Key accounts used by automations:
| Code | Name | Used By |
|---|---|---|
1100 | Checking Account | Bank reconciliation, payments |
1200 | Accounts Receivable | Invoice journal entries |
1500 | Input Tax Credits | Bill tax calculations |
2100 | Accounts Payable | Bill journal entries |
2200 | Tax Payable | Invoice tax calculations |
4010 | Service Revenue | Invoice line items |
5000 | Cost of Goods Sold | Bill line items |
5100 | Wages & Salaries | Payroll journal entries |