To track the transactions and balances for key reports like the Balance Sheet and Profit and Loss, Fynlo online uses a list of accounts or a Chart of Accounts. The setup process creates a generic Chart of Accounts that can be customized.
Manually Add an Account
Step 1: Navigate to Accounting (left-hand side of the navigation bar), Chart of Accounts.
You can filter by selecting the account type at the top of the column.
Suggestion: Filter by Type as this provides the view as a Balance Sheet and Profit and Loss account category.
Step 2: To add a new account, click on the + New Account button from the top right-hand corner.
Step 3: This opens a new screen where the account can be configured by choosing the correct Name and account Type, then clicking the Save button
Action column: You can Edit the account name and description. In the status column, you can set it by enabling it or disabling it.
Learn more: Creating New Chart of Accounts
< Previous Next>