Create a New Account

Set up a new parent account or sub-account.

  1. Click on the “Financials” tab on the vertical Dashboard menu at the left side of the screen.
  2. Click on the “Chart of Accounts” tab.
  3. In the “CHART OF ACCOUNTS” window that opens, click on the “+Add New Account” button at the top right.
  4. In the “ADD ACCOUNT” window that opens, type a descriptive name for the item in the “Account Name” box.
  5. Type or paste an optional account number into the “Account Number” box. This can be an actual account number assigned to you, a numeric sequence that indicates it is a parent account, or (if this is a sub-account) a numeric sequence that associates this account with its parent account.
  6. Click on the “Account Type” dropdown menu and select the appropriate type from the list, which includes “Income,” “Expenses,” “Equity,” “Asset,” “Liability,” “Bank,” and “Credit Card.”
  7. Click on the “Detail Type” dropdown menu and select the appropriate type from the list. The list items vary contextually depending on the item you select for “Account Type.”
  8. Type or paste a numeric value in the “Starting/Year-to-Date Balance” box to represent the opening balance for this account as of the “Effective Starting Date for Financial Transactions” entered in the Settings window. (If you have added a date to the Account > Settings > Effective Starting Date for Financial Transactions box, that date will show up at the end of the name of this data value. For more information about these settings, see the “Overall Account Settings for Financials” section of these instructions.)
  9. If this is a sub-account of a parent account, activate the “Is Sub-Account” checkbox.
    • Once you activate the “Is Sub-Account” checkbox, the “Select Parent Account” box dropdown menu appears. Click on the “Select Parent Account” dropdown menu and select the applicable parent account.
  10. When you are happy with your account setup, click on the “Save” button.
    • To exit the “ADD ACCOUNT” window without creating an account, click on the “Cancel” button, press the “Esc” key, or click on the “X” in the top right corner of the window.