Adding New A/C Type
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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.
Setting At Profit & Loss Account
Go to G/L > Profit & Loss Statement,
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:
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