Creating accounts

Step 1: Choose the type of account you want

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  1. Click a tab at the top of the Accounts List window to choose the account type you want. These specific accounts must be assigned the following account types:
  • Your companyís checking accounts must be asset accounts.
  • If you plan to track credit card purchases using a specific AccountEdge account, the credit card accounts must be liability accounts.
  • If you plan to use an undeposited funds account to store all your daily receipts so that you can enter a single deposit at your bank, the undeposited funds account must be an asset account.
  1. When youíve selected a tab, click the New button at the bottom of the window to open the Edit Accounts window.

Creating accounts - Step 1