About the chart of accounts

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.

See also

About account groups

Setting up a chart of accounts