Master Accounts

Master Accounts are pre-defined structure and content of accounting information system.

Charter Of Accounts

A chart of accounts is a list of all Accounts together in one place. It provides a birds eye view of every area of business that spends or makes money. The main account types include,

  • Revenue
  • Expenses
  • Assets
  • Liabilities
  • Equity
Important

Customer names comes under the debtors and supplier names comes under the creditors.

Create a Master Account

To create a master account, perform the following steps:

How to Create Master Account

  1. Open Back Office.
  2. Click and open Master section.
  3. Click Create button in the top right corner.
  4. Enter Account Name.
  5. Next, enter the name in the Select Account Type field.
  6. Then press Save button.
  7. Now see the added master account under the selected account type.

How to Edit Master Account

  1. Open Back Office.
  2. Click and open Master section.
  3. Click any account name.
  4. Change or edit the Account Name.
  5. Then press Save button.