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Your Company's Chart of Accounts are critical in accurate tracking and reporting of your company finances. That's why Kashoo creates the Chart of Accounts for you, and pre-classifies your transactions according to your country's regulatory rules.

Overview of Accounts

By default, the Accounts menu lists all the accounts in the Kashoo provided Chart of Accounts, plus any Bank or Credit Card accounts you connected to Kashoo.  

Accounts that were created from bank feeds, are represented with a special connection icon. Should the bank feed be offline for any reason (such as bank credentials are out-dated), the icon will indicate the need for attention.

Although Kashoo has restricted the Chart of Accounts to ensure accounting accuracy, you can still add new Bank, Liability, and Asset accounts as needed. If you did not connect all of your bank accounts when you created your business, you may also create additional accounts from bank feeds here.   

To create new accounts, simply click on the "Add Account" at the top of the Account menu.  

Viewing, Editing, and Adding Transactions

When selecting a specific account, you will have access to all the transactions in that account. For accounts that were created solely from a bank feed, the date and total amount of transactions cannot be edited because they are determined by your financial institution.

When editing a specific transaction, you can determine the category (account) to which it should be assigned. Kashoo automatically calculates taxes you are responsible for tracking.  

Transactions can be associated with a specific contact in your Business, providing the ability to run transactional reports specific to that contact.   

Receipts can also be attached to the transaction if desired. Receipts can be uploaded from the transaction, or selected from the Attachment Gallery if uploaded previously.

  "The Attachment Gallery and Receipts"

Editing Account Start Date and Opening Balance

In accounts where the only source of transactions are through a bank feed, the Account Start Date, and Opening balance are locked. This is done to protect the integrity of the calculations association with the account.

However, if your Bank was unable to provide transaction data back to the start date of your Kashoo Business, and you uploaded transaction files to fill in the missing data, these "mixed-sourced" accounts do allow editing of the Start Date and Opening Balance.  

The Account description is always available for editing.


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