Creating a New Account

Chart of Accounts

The Chart of Accounts in Zoho Books consists of a wide range of accounts that are generally used with any type of business. The accounts are classified into different types such as Income, Expense, Equity, Liability & Assets. If you are not sure about customizing accounts for your business or on different business scenarios, please take the help of your accountant or bookkeeper.

Income

Expense

Equity

Liability

Assets

Chart of Accounts

Any extra account that you add from the other modules, i.e, adding an account in the banking module, adding an inventory account, creating a new purchase account in the inventory module, will be reflected in the chart of accounts.

Creating a New Account

To create a new account in the chart of accounts:

Creating a New Account

Creating a New Account

The fiels in the New Account page include:

Fields Description
Account Name Name of the account you would like to create for tracking your transactions.
Account Type Type of account under which you would like to classify your new account.
Account Type
Account Code You can enter a code for the account.
Description Here, you can enter the details of the account for any future reference.

Check on the Add to the watchlist on my dashboard box to have the account and its related transactions in your dashboard for quick reference. All the new accounts that are created here will be reflected in the respective modules.


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