Your accounts, grouped the way you work
Build a tree of groups, ledgers and sub-ledgers. Every voucher posts to it.
- Groups inside groups
- Ledgers and sub-ledgers
- The whole chart in one view
What is inside
A chart your accountant can read
Set it up once. Every entry uses it.
Account groups
Put accounts under groups, and groups under groups.
Ledger accounts
One account for each place money can sit or move.
Sub-ledgers
Keep finer detail under one main account.
Customers, suppliers and banks
Each party and bank has its own account.
One chart view
See every group and account in a single tree.
Simple lists
Browse groups and ledger accounts as plain lists.
How it works
Set up the chart in three steps
Most businesses do this once, at the start.
- 1
Add your groups
Start with the main groups, such as assets and income.
- 2
Add ledger accounts
Place each account under the right group.
- 3
Check the chart
Open the chart view and read it from the top.
A sample chart
A tree, from groups to accounts
Groups hold accounts. Accounts hold the entries.
Groups
The branches of the tree. Groups can hold groups.
Ledger accounts
Where entries are posted, such as cash or sales.
Sub-ledgers
Extra detail under one account.
| Group or account | Kind |
|---|---|
| Assets | Group |
| Cash in hand | Ledger |
| Bank | Ledger |
| Customers | Group |
| Liabilities | Group |
| Suppliers | Group |
| Income | Group |
| Sales | Ledger |
Sample accounts, not a real company.
Common questions
Questions about chart of accounts
Short answers.
Can groups sit inside other groups?
Yes. Groups can hold groups, so the chart is a tree.
What are sub-ledgers for?
They hold finer detail under one main account.
Do customers and suppliers need their own accounts?
Each customer, supplier and bank is set up with its own account.
See Hexabooks with your own numbers
Tell us a bit about your business and we will set up a walkthrough.