How to Add Accounts to Chart of Accounts

Adding additional accounts to the Chart of Accounts (CoA) accounts is a great way to establish additional categories for tracking transactions and financial activity within FINSYNC.

Adding a new account within the overall list of Chart of Accounts

1. Mouse over the Company Profile Icon in the top right hand corner and select Profile Settings. 

2. From the left hand menu, select Setup at the bottom to view more options. 

3. Select Chart of Accounts.

4. Your Chart of Accounts view will appear. Mouse over New on the right and select Account to create a new account/category.

5. There are three required fields to update on this screen starting with selecting a category. You will see descriptions of each field below: 

• Select a Category (Required): Choose from Assets, Liabilities, Equity, Income or Expenses. 
• Account Type (Required): You will not be able to select an Account Type until you Select a Category first. The most common selections for this field are Expense or Income. Please review to confirm the correct selection.
• Account Name (Required): This is how you want the name of your account/category to appear.
• Account Number: This is not a required field as the system will automatically generate the next number in the sequence for you. 
• Account Description: This field is not required but it is available if you would like to add a description of the account you are creating.  
• Enabled check box: This box will be checked by default in order to allow you to use this account/category. If you uncheck the box, it will be hidden from your view. 
  
  

6. Select Save to complete the changes and add the account.

Related Articles: 

Bulk Categorization of Transactions

Understanding Default Bank Accounts

How to Add Your First Bank Account in FINSYNC