In the course of doing business,one needs to keep track of all the various accounts that increase or decrease to represent money coming into and going out of your business.A chart of account lets you organize account types and easily locate transaction information.There are five main types of account
This can be expanded into further sub accounts and this is business centric.This in a fined tuned way show your where the money went and you can better track how much money you have in each individual account.
To setup account types on Netpap.
Navigate and click on the ADD button Fill in the Account Type details and then SAVE
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