1.3.2 Chart of Accounts - Tools to Generate your Chart of Accounts
The Chart of Accounts is
the basis for your Accounting structure within Tradepoint. There are three ways
to set up your Chart of Accounts:
Use one of our templates to
create a Chart of Accounts
Manually create a Chart of
Import an existing Chart of
Accounts from another application. Some
software applications do not permit you from exporting your COA. Please check
your software to make sure you can export it. If you are not able to export your
existing structure then use option 1 or 2 for creating your COA.
If you are generating your COA manually, then you
can create new Accounts with these icons.
You will see that the icons lit up are the types of
accounts you are able to create. For example if you have highlighted an existing
root account you will only see the 'New Child Account' icon lit. If you have
highlighted a child account then you will also see the option for creating a
sibling account lit up as well.
The same holds true if you are creating a COA from
scratch. Each type of account you are creating will only light up the next
When you start with the blank COA screen the only
icon lit up should be the 'New Root Account' icon.
As you create your COA more icons will light up on
the lower right to create multiple levels within your Chart of Accounts. Each of
the fields within the Accounts is editable by clicking on them directly and the
Tab key can be used for easier navigation.
Each Account will appear within your COA as its is
generated. The Tab and Enter keys can be used to easily navigate the fields
while entering the Account information.
Deleting Accounts can only be done through the Chart
of Accounts section of Company Settings. Accounts can only be deleted one at a
time and there is a double prompt before the account is
This structure supports an unlimited number of
Account levels within a COA.