SummaryHelp SummaryAccounting Seed installs a skeleton Chart of Accounts (COA) which users can edit or delete. The only time Accounting Seed automatically creates GL Accounts is during the initial installation; subsequent upgrades keep the COA unchanged. To change a GL Account, navigate to the record and click edit (only the name is editable in the table). To delete a skeleton GL Account, you must unpost all related transactions, delete associated Financial Cubes, and then delete the GL Account record. The article includes a table showing the skeleton COA with GL Account Name, Type (non-editable), Sub Type 1 (non-editable), and Sub Type 2 (editable) fields, including cash flow categories.Body Overview When you install Accounting Seed you are provided with a skeleton Chart of Accounts as part of the install. You are able to delete and/or edit these records to create your own Chart of Accounts. The only time Accounting Seed automatically creates GL Accounts is during the initial installation process. This means that for all subsequent Accounting Seed upgrades your Chart of Accounts will remain unchanged. Changing a GL Account To change a value of the skeleton chart of accounts simply navigate to the GL account record and click edit. You can change the name and click save. Deleting Skeleton GL Accounts To delete Skeleton GL Accounts please follow these steps: Unpost all transactions with the related GL account.Delete any remaining Financial Cubes associated with the GL Account. Navigate to the GL Account and click delete. Skeleton GL Accounts created on Installation Below is the Skeleton Chart of Accounts included with the installation of Accounting Seed. This does include the GL Accounts for the Cash Flow categories. It also illustrates how the Type, Sub Type 1, and Sub Type 2 field values can be set up. Table Key Editable ValuesNon-Editable Values GL Account Name Type Sub Type 1 Sub Type 2 1000-Cash Balance Sheet Assets Cash 1050-Unapplied Cash Balance Sheet Assets Cash 1200-Accounts Receivable Balance Sheet Assets Current Assets 1400-Prepaid Expenses Balance Sheet Assets Current Assets 1500-Inventory Balance Sheet Assets Current Assets 1600-Work in Progress Balance Sheet Assets Current Assets 1700-Accumulated Depreciation Balance Sheet Assets Fixed Assets 2000-Accounts Payable Balance Sheet Liabilities Current Liabilities 2010-Vouchers Payable Balance Sheet Liabilities Current Liabilities 2020-Accrued Expenses Balance Sheet Liabilities Current Liabilities 2030-Accrued Payroll Balance Sheet Liabilities 2500-Deferred Revenue Balance Sheet Liabilities Current Liabilities 3000-Owners Equity Balance Sheet Owner's Equity Equity 3050-Retained Earnings Balance Sheet Owner's Equity Equity 3060-Current Year Earnings Balance Sheet Owner's Equity Equity 3900-Opening Balances Balance Sheet Owner's Equity Equity 4000-Product Revenue Revenue Product Revenue Product Family 1 4010-Services Revenue Revenue Product Revenue Product Family 1 4900-Customer Payment Discounts Revenue Product Revenue Product Family 1 5000-Cost of Goods Sold Expense Cost of Goods Sold Materials 5020-Inventory Cost Variance Expense Cost of Goods Sold Materials 5040-Vendor Payment Discounts Expense Cost of Goods Sold Materials 5050-Labor Expense Cost of Goods Sold Salaries & Wages 6000-Marketing Expense Sales & Marketing Marketing Events 6050-Travel Expenses Expense Sales & Marketing Sales Travel 6060-Meals and Entertainment Expense Sales & Marketing Sales Travel 6070-Mileage Expense Sales & Marketing Sales Travel 6500-Depreciation Expense Expense General & Administrative Software 7000-Facilities Expense Expense Facilities Rent 7050-Telecommunications Expense Facilities Utilities Distributions of Equity Cash Flow Financing Interest Paid Cash Flow Operating Interest Received Cash Flow Operating Other Financing Cash Flow Financing Other Investing Cash Flow Investing Other Operating Cash Flow Operating Payment for Fixed Assets Cash Flow Investing Payments to Employees Cash Flow Operating Payments to Suppliers Cash Flow Operating Proceeds from Issuance of Debt Cash Flow Financing Proceeds from Issuance of Equity Cash Flow Financing Proceeds from Sale of Fixed Assets Cash Flow Investing Receipts from Customers Cash Flow Operating Repayment of Debt Cash Flow Financing Taxes Paid Cash Flow Operating TitleEdit/Delete Skeleton GL AccountsURL Name496068523
