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.






Chart of Accounts

You can add additional accounts other than the ones mentioned above. These accounts will be reflected in the chart of accounts.

Creating a New Account

To create a new account in the chart of accounts:

Fields Description
Account Name Enter the name of the account you would like to create for your organization.
Account Type Select the type of account under which you would like to classify your new account.
Description Enter a description about the account for handling any future references.

Creating a New Account

Check the box Add to the watchlist on my dashboard 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.

There are five account types in the Chart of Accounts namely Assets, Liability, Equity, Income and Expense. Each of these has accounts of its own. For example, some accounts in Assets include Cash, Bank, Fixed Asset, Stock and Payment Clearing. You can create further sub accounts under these accounts. Learn more about sub accounts in Zoho Books

See Also:
Transaction Locking
Manual Journals
Currency Adjustments

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