Accounting · 56 / 91

Chart of accounts

The list of accounts your books are kept in. MCPOS creates a working chart when you sign up.

Steps

1. Open it

   Accounting → Chart of Accounts.

2. Read the structure

   Assets, liabilities, equity, income and expenses, each with numbered accounts underneath.

3. Add an account

   Only when you genuinely need a distinction the seeded chart does not make.

4. Do not delete the ones in use

   Cash, bank, stock, receivables, payables, sales and tax accounts are wired into daily trading.

Good to know

• If an account MCPOS needs is missing, it is created for you rather than the posting failing.