Maintaining Accounts Information

Accounts
Accounts are used to track and categorize specific types of transactions. Simply Accounting's Setup wizard adds most of the accounts that you will need for your accounting, but you may need to add some new accounts, change or rename others, or remove the ones you don't need. You can add accounts at any time, and can usually change or remove them unless the program prevents it.

1. Setup: Settings and Options

• Chart of Accounts :
  Account Settings
  You may set the following setting for individual accounts from the Chart of Account Records window:
  
• Omit this account from financial statements if balance is zero (on the Account tab).
• Allow project allocations (on the Account tab).
• Allow online banking for a bank or credit card account (on the Class Options tab).
• Assign a budget to this account (in revenue and expense accounts only).
• Save transactions for Account Reconciliation (on the Account Reconciliation tab).
• Set an account to inactive.
  
• Linked Accounts
  Linked Account Settings
  You can set your linked accounts by using either:
  • the Linked Accounts Wizard (Home Window, Setup Menu, Wizards, Linked Account Wizard).
  • Linked Account Windows for different groups: general, vendors and purchases, customers and sales, inventory items (Home window, Setup Menu, System Settings, Linked Accounts).


• Departments


• Account Reconciliation


• Currencies


• Online Banking

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