Articles on: Sprwt Supprt
What account types (groups) are available in the Chart of Accounts?
Assets: Cash and Bank, Money in Transit, Expected Payments from Customers, Inventory, Property, Plant, Equipment, Depreciation and Amortization, Vendor Prepayments and Vendor Credits, Other Short-Term Asset, Other Long-Term Asset.
Liabilities & Credit Cards: Credit Card, Loan and Line of Credit, Expected Payments to Vendors, Sales Taxes, Due For Payroll, Due to You and Other Business Owners, Customer Prepayments and Customer Credits, Other Short-Term Liability, Other Long-Term Liability.
Income: Income, Discount, Other Income, Uncategorized Income, Gain On Foreign Exchange.
Expenses: Operating Expense, Cost of Goods Sold, Payment Processing Fee, Payroll Expense, Uncategorized Expense, Loss On Foreign Exchange.
Equity: Business Owner Contribution and Drawing, Retained Earnings: Profit.
Hover the question mark next to a group name for Sprwt's description of when to use it (for example Cost of Goods Sold is for "expenses that are directly attributable to the product or service you are selling").
Where to find it:
/admin/accounting/categories