To set up your Chart of Accounts just go to [Finance > Auxiliaries > Chart of Accounts].

When you get to the screen you will have the following components:

Categories

They serve for internal organization of your accounts and aims to group different items that serve the same context.

Some examples of Categories commonly found in an Chart of Accounts: Active, Passive.

Using the "+" button on the left side of the screen, you can add the categories and thus build their initial structure, as well as after creating them, add accounting items inside, making your Chart of Accounts gain hierarchical relationships.

Accounting Groups (Items)

These are general accounts that are inserted into a Category and consist of a set of sub items.

An example of Accounting Group: Staff Expenses.

To add an accounting item, simply click the [+ Item] button next to the Categories name:

During the account creation you can define multiple language names if you want to submit reports in other languages and assign an account ID to develop the hierarchical relationship of the ledger accounts.

Accounting Item

Also known as sub-items, they are auxiliary accounts that will more accurately provide the indicators shown in an Accounting Group.

For example, if we have the Accounting Group staff expenses, we could have as sub-items related points within this context such as 13th salary, salary, commissions, transportation vouchers etc.

In practice, sub items will be summed to generate the final value of an Accounting Group and you can set up several hierarchies between sub items.

These items will be visible in other areas of Stays.net when selecting the accounting position in question.

Now that you already know how to add items to the Chart of Accounts, how about checking out more related subjects?