When using the accounting system, you may need to add a new account to your chart of accounts. Rewaa enables you to create subaccounts under any main account to organize your financial structure effectively. Here's a step-by-step guide:
Steps to Add a New Account
Navigate to:
Accounting > Chart of Accounts > Click "New Account".
Enter the following details:
Parent Account: The main account under which this sub-account will fall.
Account Code: Automatically generated based on sequence. You can modify it to align with your numbering system.
Account Name: The desired name for the account.
Description (Optional): Additional details about the account.
Click Save to add the account.
Refresh the Page:
Click the refresh icon at the top of the page to update the chart of accounts.
The account will appear under the appropriate section in the chart of accounts.
Adding a Fixed Asset Account (Non-Current Assets)
Fixed assets or non-current assets are long-term resources owned by the company, such as buildings, land, vehicles, and equipment. They are not quickly converted into cash. In Rewaa, fixed assets are organized as follows:
Assets ⌄ Non-Current Assets ⌄ Land, Buildings, and Equipment.
Steps to Add a Fixed Asset Account:
Navigate to:
Accounting > Chart of Accounts.
Locate Non-Current Assets:
Click on Assets > Click the three dots next to Non-Current Assets > Select New Sub-Account.
Fill in the Details:
Parent Account: Non-Current Assets.
Account Code: Automatically generated; you can modify it.
Account Name: Provide a descriptive name (e.g., Equipment, Vehicles).
Description (Optional): Add further details about the account.
Click Save to add the account.
The account will appear under Non-Current Assets.
FAQs
Can I add a subaccount under another subaccount?
No, subaccounts can only be added under main accounts. For example, if you add a sub-account under Sales, it will fall under Revenues, not within Sales.Can I delete an account added by mistake?
No, but you can archive the account instead. For details, click here.Can I export the chart of accounts to Excel?
This feature is not available yet. You can share this suggestion via the suggestion platform.How can I allocate amounts to accounts in the chart of accounts?
Use manual journal entries, opening balances, and select the accounts to which amounts are added.Can I edit the account number after adding it?
Yes. Go to the chart of accounts, click the three dots next to the account, and select Edit Account.How can I quickly find an account I just added?
Use the search bar to locate the account by name or number.Why isn’t the account I added visible in the chart?
Refresh the page to ensure the account appears in the chart of accounts. Click the refresh icon at the top of the page.