The chart of accounts (COA) is the list of all the accounts used to record financial transactions in the general ledger of an organization.

Step 1: Access the Accounting Module

- Use your admin account to log in to your School ERP site, ensuring you have the necessary permissions. To create a  Department 

  •  Log into your ERP dashboard and open the Accounting module.


Step 2: Navigate to Configuration

  •  Click on the ‘Configuration’ menu within the Accounting module.


Step 3: Select Chart of Accounts

  •  Choose ‘Chart of Accounts’ from the options available.


     

Step 4: Create a New Account



Step 5: Fill in Account Details

  • Code: Enter a unique code for the account, which helps in identifying the account within the system.
  • Account Name: Provide a descriptive name for the account, such as "Electric Expenses."
  • Type: Select the type of account from the following options: Asset, Liabilities, Equity, Revenue, or Expenses.


Conclusion

  • Once all the required fields are filled, click ‘Save’ to add the account to your chart of accounts. A well-organized chart of accounts is crucial for accurate financial reporting and analysis.