When setting up your chart of accounts you will see that there are three types of accounts you can choose to add depending on where in the account tree you want the new account to appear.

New Root Account  will create a new account at the base level.

New Child Account  will create a new account underneath the account that you currently have selected. This allows you to create a very detailed, structured chart of accounts.

New Sibling Account  will add a new account on the same level as the account you have selected. This allows you to quickly add a group of accounts with the same parent account without having to reselect the parent account every time.

If you do not have an existing chart of accounts or are unsure, you can select a default chart of accounts in the chart of accounts screen in Tradepoint. 

This default template will also pre-populate Preferences and Order and Inventory preferences, if it is used. If a chart of accounts has been built manually or Imported from another data source then these preferences will need to be filled in.