How to create Account heads in Chart of Accounts?
- Go to "Accounts"
- Click on "Chart of Accounts"
- Click on "Create Account"
- Enter name and details
- Select "Sub Category"
- Click on “Create”
(1) “Transaction Account” needs to be selected only if you are creating the ledger of a bank account (Eg: Kotak Bank, HDFC Bank etc), so it’s treated as a bank account and reflects accordingly system-wide.
(2) Transaction accounts & cash need to be selected only if you are creating the ledger of a cash account.