Skip to main content
All CollectionsApplications AccountingChart Of Accounts
Adding a New Account in the Chart of Accounts
Adding a New Account in the Chart of Accounts
Updated over a week ago

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.


FAQ

  1. 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.

  2. Can I delete an account added by mistake?
    No, but you can archive the account instead. For details, click here.

  3. Can I export the chart of accounts to Excel?
    This feature is not available yet. You can share this suggestion via the suggestion platform.

  4. 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.

  5. 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.

  6. How can I quickly find an account I just added?
    Use the search bar to locate the account by name or number.

  7. 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.

Did this answer your question?