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)

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