Knowledge

Go to the  Setting menu under the Accounting module in the left sidebar -> Select the Account detail types menu. 

Used to add a detail type that is not available in the system. This detail type is used to create an account.

Reset Account detail type: Delete all detail types in this screen but accounts of this detail type are not deleted.

Create account detail type

To add a new account detail type to your organization:

• Step 1. Click on the Add button.
  
  
• Step 2. In the Account detail type page, fill in the following details:
   
  
  1. Account type: Select the Account type that this detail type will belong to
  2. Name: name of the new detail type. This will be used to identify the detail type when creating or managing accounts
  3. Statement of Cash Flows: used to select where this account type should be displayed in the Statement of Cash Flows report. This helps categorize the account in financial reports
     Cash flows from operating activities (CFO):  shows the amount of money the company brings in from business activities such as manufacturing and sales. This is the first part of the Statement of Cash Flows Report
     Cash flows from investing activities (CFI): money generated or expensed from investment-related activities such as buying assets and supplies, investing in securities or selling securities or asset.
     Cash flows from financing activities (CFF): shows the net cash flows used to finance the company. Financial activities include transactions involving debt, equity, and dividends.
     Cash and cash equivalents at beginning of year (CCE): includes cash, bank accounts and marketable securities.
     
  4. Description: A brief explanation of the account detail type’s purpose. This helps other users understand its usage and when to select it. The description can include examples of use cases or typical transactions.
     

• Step 3. Click Save button 

Delete account detail type 

You cannot delete an account detail type if any account is currently using it.

If you want to delete an account detail type, please follow these steps:

1. Identify all accounts that are using this detail type.

2. Delete or update those accounts to use a different detail type.

3. Once no account is linked to the detail type, you will be able to delete it.