Chart of accounts

The chart is the structure the whole system hangs off: which accounts an invoice may use, which are taxed, and how the statements are laid out.

• Start from a country-specific chart at signup, then edit it freely.
• Add, rename and reorganise accounts; close one instead of deleting it once it has history.
• Heading accounts group the detail accounts underneath them on the statements.
• Each account is linked to what may use it — AR, AP, inventory, income, expense, tax — so the right accounts appear in the right dropdowns.
• Contra accounts for accumulated depreciation and the like.
• GIFI codes for statutory reporting where they apply.
• Set the default accounts once: inventory, income, expense, foreign exchange gain/loss, cash over/short.
• Departments to report a division separately without a separate chart.