Financial Accounts Management
The Accounts Management module is used to manage all financial accounts.
There is the 1st part of the financial module is chart of account in this tab we can define 5 types of Accounts like Assert, Liability, Stockholder Equity, Revenue, Expense.
- In Assert we can add other current asserts, fixed asserts.
- In Liability we can add other current liability, long term liability.
- In Stockholder Equity we can add opening balance equity, retained earnings.
- In Revenue we can add income, other income.
- In Expense we can add cost of goods sold, admin expense, factory overhead, administrative expense, selling expense, and depreciation expense, gain/loss account, landed cost.
In this tab we can see how to create the chart of account click on the create button enter name, parent account, account type and sub type. Then other data fill automatically.
Here we can make the parent account for this just account type enter then all data fill automatically. After fulfill the information user can simply click on create button.