Use the Chart of accountsform to create a ledger account, which is an account in the general ledger that records financial transactions, balances, or totals that pertain to assets, liabilities, revenues, expenses, and owner equity. For more information about accounts, see Chart of accounts (form).

1. Click General ledger> Common Forms> Chart of Account Details .

2. Press CTRL+N to create a new line.

3. Enter an account number in the Ledger accountfield.

4. Change the value in the Account typefield as appropriate. The Account typefield will have a default value of Profit and lossunless you have defined automatic selection of account type by prefix in the Automatic account type selection form.

5. You can enter or select an account category, if the account type is Profit and loss, Revenue, Cost, Balance, Asset, or Liability.

6. You can enter additional information in the other fields. For more information, see Chart of accounts (form).