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Create an account

Add a new account to your chart of accounts — for example a new bank, expense, or revenue account.

Beginner5 steps~3 min

Before you start

1

Open the Chart of Accounts and click "Create account".

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Open the Chart of Accounts and click "Create account".
2

Enter the account code and name.

The code is a short unique identifier (for example 1500); the name describes the account.

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Enter the account code and name.
3

Choose the account type and classification.

Type is asset, liability, equity, revenue, or expense. The classification list adapts to the type you pick.

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Choose the account type and classification.
4

Set the account options, then save.

Optionally choose a parent account, mark it as a control account (assets and liabilities only), and keep it postable so journal lines can use it.

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Set the account options, then save.
5

Your new account opens.

The account detail page shows its setup and its current balance.

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Your new account opens.