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Chart of Accounts


The Chart of Accounts is the list of all General Ledger (GL) Accounts to define where money is spent and received.

Each company operates on their own Chart of Accounts.

ResMan has a sample solution of Chart of Accounts.

You can use ResMan's Chart of Account to revise/add/change your existing Chart of Accounts.

Please Note: You will not be able to delete a GL Account after it has been implemented. 

RED fields are required.

STEP-BY-STEP INSTRUCTIONS:

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STEP 1: Number – Enter the number of the General Ledger Account.

STEP 2: Name – Enter the name of the General Ledger Account.

STEP 3: Description – Enter the description of the General Ledger Account.

STEP 4: Type – ResMan has predefined types, please select a type for every General Ledger Account.

  • Bank
  • Accounts Receivable
  • Other Current Asset
  • Fixed Asset
  • Other Asset
  • Accounts Payable
  • Other Current Liability
  • Long Term Liability
  • Equity
  • Income
  • Other Income
  • Expense
  • Other Expense
  • Non-Operating Expense

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STEP 5: Parent GL Account – Input the GL Account Number that you’ve indicated as a “Summary Parent” you wish to have totaled under. 

STEP 6: Summary Parent – Input “True” to indicate to summarize all sub GL Accounts when running a summary report. This is commonly referred to as a Header. Please note that ResMan does not use separate GL Total Accounts, the Summary Parent is the Header and Total Account.

STEP 7: Replacement Reserve - Input "True" if you wish to indicate that GL is a part of your replacement reserve financials.

 

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