Accounts are used to categorize different types of monetary transactions.

Every transaction can be organized into 5 basic types of accounts: Income, Expenses, Cost of Goods Sold (COGS), Liability, and Assets. While technically COGS is an expense account, we provide it as a type of account to separate accounts that track regular business expenses from the accounts that track the cost of producing or selling the products and services you sell.

When you create an item or service that you sell you will be asked about the income account you want to use to record the income from the sales of the item and the account to track the cost of buying the item.

There are 5 basic accounts that you can use, or you can create your own. Accounts can be nested into other accounts as subaccounts. This will allow you to be as granular as you want.

To create an account, click on the + sign on the top right side of the screen and fill in the information required in the pop-up form. You will need to enter an account name, the type of account, and if you are creating a sub-account, the parent account. Press Add to submit the form and save the information.

To find an account you can use the search field or filter the list. The search field is located in the top right corner of the list of accounts. To open the filter form, press on the funnel icon located on the top right corner of the screen. You can also export the list of accounts using the export button located on the top right side of the screen as well