Account\Ledgers

To create a new ledger account, navigate to Accounts & Banking > Cards > Account. In the account form, the user must select an appropriate Account Group (for classification), enter a unique Account Code, and provide a clear Account Name.

The user must also choose the relevant Account Category such as Cash, Bank, Receivable, Payable, or General, depending on the nature of the account. These categories help in organizing the Chart of Accounts and are essential for accurate reporting and transaction classification.

Once created, account ledgers serve as the foundation for recording financial transactions. Each ledger maintains a record of all debits and credits related to that account, supporting essential functions such as reconciliations, financial reporting, and compliance.