How To Create Multi-Level Chart of Account (New Vers.)

If you are using the classic version, please refer to: How To Create Multi-Level Chart of Account

How To Create Multi-Level Chart of Account (New Vers.)

Creating a multi-level chart of account is essential for organizing and categorizing financial transactions in a structured manner. It allows you to break down your accounts into different levels, providing a detailed and clear hierarchy of your financial data. 

Learn How To

1. Create a parent code
2. Create a child code

1. Click on Accounting and select Chart of Account

2. Click on Add New

3. Enter name

4. Select an account type

5. Enter a description

6. Leave the parent code empty

(To create a child COA, the parent code must not have any figures in the journal)

7. Click on Save

8. Click on Add New to add another COA

9. Fill in the details

10. Select the COA you have made previously as the parent code

11. Click on Save