Account Information Card Workspace

Use this workspace to enter and maintain information about the accounts in the chart of accounts.

You create an account with a number and a descriptive account text, and you assign it to a department. You create departments in the Posting References workspace. You specify whether the account is a Profit & Loss (P&L) or a Balance Sheet account, whether Maconomy should automatically create a tax entry for manual entries to the account, and how to handle Maconomy's dimensions in connection with this account. The account information card also shows the account balance if you select the "Update balance on account information card" system parameter.

You can only delete an account if there have been no entries to it in the current and previous fiscal years, and if the balance is 0. In Maconomy Lawyer, you cannot delete an account that you created as a client account in the Client Accounts workspace.