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How To Create Accounting Account

How To showing how to create accounting account.
  • Last Update:2016-02-09
  • Version:003
  • Language:en

ERP5 uses a concept of accounting account which are independent from the accounting plan. This method allows to follow the best principles of financial accounting, while reducing the number of accounts used. And in order to allow you to generate accounting statement according to the law, you can link your account with the official accounting plan.

Table of Contents

Steps

The procedure goes as follows:

  1. Go to the account module: 'Module' >> 'Account'
  2. Create a new account: 'Action' >> 'Add Account' or just click on the "new" icon
  3. Fill in the required information:
  4. TioLive Account Module Scrennshot
    • Account Name: Choose the name of the account you are creating
    • Reference: Choose a reference for the account
    • Normal Credit Balance: Select if the account is a Normal Credit Balance
    • General Accounting Plan: Link your account to a standard account from accounting plan
    • Account Type: Choose the type of the account
    • Financial Section: Choose the financial section of the account
    • Mirror Account: You can input here the name of mirror accounts
  5. Save the information thanks to the floppy disk icon
  6. Validate the account (Otherwise you won't be able to use it): 'Action' >> 'Validate Account'

You might also been interested by reading how to prepare import spreadsheet for ERP5 accounting accounts

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