Overview - Chart of Accounts
The Chart of Accounts is where you update all details relating to the Accounts including;
- Add/Edit/Delete Accounts; New accounts will be matched on name when you next import.
- Importing Accounts; Import from Xero or CSV.
- Account Categories; Account titles that appear in your Profit and Loss and Balance Sheet. Eg, Income, Receivables etc.
- Account Types; Specify unique account types. Eg Capacity Building, Inter-Entity etc.
- Calculations; Advanced feature that allows you to calculate an account based on a % of multiple accounts. Refer shortcuts for simply adding 1 account as a % of another account.
- Payroll Link; Link your payroll accounts for the labour cost projections.
- Capacity Link; Only relevant for those businesses who want to project their income based on their capacity.
- Archive Accounts; option to archive any inactive accounts.
Once the details are updated, the changes will be reflected in the Projections.