How to Add a Custom GL Account

Overview

---

Your workspace has several default GL accounts pre-loaded, but you can add a custom GL accounts for a more granular approach to tracking your finances. 

For example, you may want to add custom accounts for overhead expenses like utility bills or rent.

This guide shows you how to create a custom GL account in your workspace.

1. Click Settings in the left hand menu
   
    

2. Next, in the General Settings menu select Chart of Accounts
   
    

3. On the Chart of Accounts list page, choose "+ Add New" to the top right of the list of default accounts
   
    

4. Now, fill in the following information in the Add Account window
   

   • Account # (required)

   • Type of account (required)
     Choose from the following account Type options:

     • Asset 
       (Ex.: equipment, furniture)

     • Liability
       (Ex.: credit card balance, accounts payable)

     • Equity
       (Ex.: owners investments, retained earnings)

     • Revenue
       (Ex.: product sales, shipping income)

     • Expense
       (Ex.: utilities, rent, payroll)

     • Other

   • Account Name

   • Subtype if applicable

5. Click Save
   

Your newly added account will show in the Chart of Accounts list and be available to assign to a specific supplier, when creating an expense, or logging a Miscellaneous Payment in your workspace.