Chart of Accounts

The Chart of Accounts defines the accounts used by the ledger.

Where to find it: Sidebar > General Ledger > Chart of Accounts

10.1 Account Types

SikaBooks supports the major IFRS-style account families:

• Asset
• Liability
• Equity
• Revenue
• Expense

10.2 Creating an Account

1. Go to General Ledger > Chart of Accounts
2. Click New Account
3. Fill in:
   • Account Code
   • Account Name
   • Type
   • Subtype
   • Parent Account when needed
   • Description
   • Cash Flow Category
4. Save

10.3 Account Hierarchy

Accounts can be arranged into parent-child structures. Circular references are blocked.

10.4 System Accounts

Accounting Settings > Account Mapping lets you assign defaults such as:

• Accounts Receivable
• Accounts Payable
• Cash
• Revenue
• Expense
• VAT & Levies Liability
• Realized / Unrealized FX Gain
• Realized / Unrealized FX Loss
• Retained Earnings
• Income Summary

10.5 Deactivating an Account

Accounts with history should be deactivated instead of deleted.