Difference between revisions of "Account Type Maintenance"

From AutoCount Resource Center
Jump to navigation Jump to search
Line 55: Line 55:
  
  
'''<span style=color:red>Display As Positive</span>''': means the nature of the account type, you choose 'Debit' if the account type carries debit balance, and vice versa. If you are still not sure, follow the following rule:  
+
'''<span style=color:red>Display As Positive</span>''': means the nature of the account type, you choose 'Debit' if the account type carries debit balance, and vice versa. If you are still not sure, follow the following rule:
 
 
''Account Type''                                           ''Display As Positive''
 
 
 
Fixed Assets, Current Assets, Intangible Assets, all types of Assets Debit
 
 
 
Long Term Liability, Current Liability, all types of Liabilities Credit
 
 
 
Income, Sales, Purchase Return, Gains ....                              Credit
 
 
 
Expenses, Purchases, Sales Return, Losses...                         Debit
 
 
 
Capital, Retained Earning, Reserves, Share Capitals, Loans         Credit
 
 
 
 
 
{{NavigateForUser}}
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
  
  
 +
{| class="wikitable"
 +
|-
 +
! Account Type !! Display As Positive
 +
|-
 +
| Fixed Assets, Current Assets, Intangible Assets, all types of Assets || Debit
 +
|-
 +
| Long Term Liability, Current Liability, all types of Liabilities || Credit
 +
|-
 +
|Income, Sales, Purchase Return, Gains ....  || Credit
 +
|-
 +
| Expenses, Purchases, Sales Return, Losses... || Debit
 +
|-
 +
| Capital, Retained Earning, Reserves, Share Capitals, Loans || Credit
 +
|-
 +
|}
  
  
  
 
{{NavigateForUser}}
 
{{NavigateForUser}}

Revision as of 08:00, 27 March 2018

Account Type Maintenance

Account type is the basic structure for Chart of Accounts. Account types defaulted by the system are not allowed to delete. However, you may add new Account Types or rename the default description of a default Account Type.

Go to General Maintenance > Account Type Maintenance


ATM1.png


Adding New A/C Type


Add New A/C Type

Go to General Maintenance > Account Type Maintenance

Click on New,

Key in the Code and Description, select either Balance Sheet type or Profit and Loss type, then OK.


ATM2.png


Add New Accounts

Go to G/L > Account Maintenance, add new accounts under new A/C Types.


ATM3(3).png


Setting at Profit & Loss Account

Go to G/L > Profit & Loss Statement,


ATM4(4).png


ATM5.png


Setting At Balance Sheet

Go to G/L > Balance Sheet Statement,


ATM6.png


ATM7.png


Display As Positive: means the nature of the account type, you choose 'Debit' if the account type carries debit balance, and vice versa. If you are still not sure, follow the following rule:


Account Type Display As Positive
Fixed Assets, Current Assets, Intangible Assets, all types of Assets Debit
Long Term Liability, Current Liability, all types of Liabilities Credit
Income, Sales, Purchase Return, Gains .... Credit
Expenses, Purchases, Sales Return, Losses... Debit
Capital, Retained Earning, Reserves, Share Capitals, Loans Credit



Go to menu

IconAcc20.PNG AutoCount Accounting 2.0


IconAcc188.PNG AutoCount Accounting 1.8 / 1.9
Wiki-Payroll.png AutoCount Payroll
Wiki-POS.PNG AutoCount POS
Wiki-AOTG.PNG AutoCount On The Go
Wiki-Accounting-Plugin.png AutoCount Accounting Plug-In Documentations