Adding New Account

Adding New Account

The chart of accounts that comes with Unique is fairly complete but you may want to add new accounts that apply to your own business. The first step is to decide under what category the new account will be located and under what sub-category.  

For example, suppose you wanted to add a new account of "Receptionist " to keep track of your receptionist's payroll. This would be an expense account since you are paying out money and the sub-category would be "Salaries, Wages, Benefits ".  

Example: 

To add a receptionist account: 

Select Setup from the General Ledger menu , then select Accounts .  

You would want to assign a new account number of 43030, an Account Type of 4 (an Expense category), a Report Type of 0 (a Regular account), and Extra Lines of 0 because you didn't want the report to print any extra lines between the accounts of Receptionist and Payroll Taxes. Select F5 .  

Fields:

G/L Account                A five-digit account code that is assigned to each account. All account listing and reports will be shown in order of account number. 

Description                 A description of the account. 

Account Type        The type of the account. There are four different categories of accounts: 

                       1.   Assets 

                       2.   Liabilities

                       3.   Income 

                       4.   Expenses 

                       5.   Equity

Within each category they can be further broken down into sub-categories. Sub-categories are specified by the Report Type field described next. 

Report Type                The Report Type field is used to format the printed Balance Sheet and Income Statement        reports . The five different report types are: 

0 - Regular                The elements of the sub-categories. 

1 - Title                A category title. There are only four category titles: Assets, Liabilities, Income, and Expenses. 

2 - Heading                The title for sub-categories. 

3 - Subtotal                Totals for the sub-categories. 

4 - Total                Totals for the categories. 

Extra Lines                   The number of empty lines to print after this account on the Income Statement or Balance Sheet reports. You are allowed up to eight extra lines. Enter                        a 9 to start printing on a new page after this account. 

See Chart of Accounts