Prepare Chart of Accounts in Gluon ERP

While Preparing Chart Of Accounts in Gluon ERP you need to consider following points

1. 1^St Level of COA (Referred as Account Type in Gluon ERP) is based on “International Accounting Standard Accounts” and all the standard accounts are opened by default in Gluon. These accounts don’t use any account code in system. Here is the list of Standard Accounts
1. Assets
2. Liabilities
3. Capital
4. Income
5. Expense
2. 2^nd Level of COA is opened under the above mentioned “Standard Accounts”. You can use 2 digit account code for this level for example (01, 21, 09). This level is referred as “Main Account” in Gluon ERP (Go to "Accounts > Main Account")
3. 3^rd Level is opened under the above mentioned “Main Account” and you can use 3 digit account code for this level here is the example (01-001, 21-324, 09-999). This level is referred as “Sub Account” in Gluon ERP (Go to "Accounts > Sub Account")
4. 4^th Level is opened under the above mentioned “Sub Account” and you can use 3 digit account code for this level here is the example (01-001-333, 21-324-002, 09-999-009). This level is referred as “Sub Sub Account” in Gluon ERP (Go to "Accounts > Sub Sub Account")
5. 5^th Level is opened under the above mentioned “Sub Sub Account” and you can use 5 digit account code for this level here is the example (01-001-333-00001, 21-324-002-00001, 09-999-009-00001). This level is referred as “Detail Account” in Gluon ERP (Go to "Accounts > Detail Account")
6. You can also open unlimited levels in “Detail Account” with same pattern just by selecting Parent Account
7. You can View/Print Chart Of Accounts (Go to "Accounts > Reports > A01. Chart of Accounts")

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