Adding an account to the chart of accounts

1. Open 1-7 General Ledger Accounts.
2. Assign an account number to the data control box located in the upper left.
3. Enter the name of the account in the Account Name box.
4. Enter a short name for the account in the Short Name box.
    NOTE: The account's short name is used in accounting reports.  
5. Press the Enter key on the keyboard.
6. The Account Type field auto-populates based on the account number.
7. Do the following when the account has subaccounts or departments.  Otherwise, set the Subsidiary Type to 0- None:
   • In the Subsidiary Type cell, select 1-Subaccounts if the Account Type in Step 6 is a balance sheet account.
   • In the Subsidiary Type cell, select 2-Departments if the Account Type in Step 6 is an income or expense account.
      NOTE: When using the Cost Type Validation feature, choose the correct cost type from the Cost Type picklist.  Otherwise leave the Cost Type box set at 0- None.  
8. Click File and Save.