Create Budget Chart of Account

Use these steps to create a budget Chart of Accounts.

To create a Chart of Accounts:

1. In the Name column, enter the name of the Chart of Accounts.
2. In the Type column, select whether the line type (which are detailed later in this document). Line types are used for defining how information on this particular line is provided.
3. In the Income column, select the check box to indicate if this account is revenue or de-select to indicate if this is a cost income.
4. In the Type column, indicate if the distribution key is supposed to be used for this particular account. Distribution Keys are explained later in this document.
   Note: In right side assistant budget CoA can be linked to actual CoA from Maconomy. This links will be later on used in reporting (budget vs. actual).