Account Type Maintenance
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
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.
Add New Accounts
Go to G/L > Account Maintenance, add new accounts under new A/C Types.
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Setting at Profit & Loss Account
Go to G/L > Profit & Loss Statement,
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Setting At Balance Sheet
Go to G/L > Balance Sheet Statement,
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 |
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AutoCount Accounting 2.0 & 2.1
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AutoCount Accounting 1.8 / 1.9
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AutoCount Payroll
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AutoCount POS
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AutoCount On The Go
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AutoCount Accounting Plug-In Documentations
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