Chart of Accounts Setup

Setting Up the Chart of Accounts

To set up your Chart of Accounts in BlockPeer, follow these steps:

1. Navigate to Chart of Accounts:

   • From the dashboard, go to the main navigation menu on the left-hand side.

   • Select Accounts.

   • Under Accounts, click on Banking.

   • Finally, select Chart of Accounts from the dropdown menu.

2. Creating a New Account:

   • In the Chart of Accounts page, you'll see a list of predefined account categories such as assets, liabilities, income, expenses, and equity.

   • To add a new account, click the + Add New Account button located at the top right.

3. Enter Account Details:

   • Fill in the required fields:

     • Account Name: Give your account a clear and descriptive name.

     • Account Type: Choose the type of account (e.g., asset, liability, income, etc.) that best fits the purpose of the account.

     • Account Code: Assign a unique code to help with quick identification and categorization.

4. Assign a Parent Account (Optional):

   • If you want to nest the account under an existing category, select Make this a sub-account. This will help you organize your accounts more effectively.

5. Save the Account:

   • Once all details are filled in, click Save to add the account to your chart of accounts.

6. Editing and Deleting Accounts:

   • To modify or delete any account, simply click on the pen or delete icon in the Action area and select the appropriate action (Edit or Delete)