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The chart of accounts is a list of ledger account names and associated numbers arranged in the order in which they normally appear on financial statements. The typical order is: assets, liabilities, owners' equity (stockholders' equity for a corporation), revenue, and expenses.
During installation, you can choose to have Ajera create an industry-specific chart of accounts for you. You can then modify it by changing descriptions and deleting unwanted accounts.
unavailable in ajeraCore unless you have the Departments add-on - If you selected to use departments in Company > Preferences, you can set up any Expense or Other Income account as an allocated account so that it automatically distributes overhead expenses by a percentage to various departments in your firm.
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