Account Type

Admin > Finance > Account Type

The Account Type page maintains a list of standard account types. Account types are used to group general ledger account codes. For example, Accounts Receivable (A/R), Accounts Payable (A/R), and Expenses.

Creating Account Types

1. Select the Admin > Finance > Account Types page.
2. Click New.
3. Enter the following fields.
   • Account Type Name
   • Description
   • Status - Active or InActive
   • GL Account - Select general ledger account to record postings.
   • Taxable - Taxable or Non Taxable
4. Click Save.