Accounts

Accounts are used to record all the ledger heads into their respective groups like Assets, Expenses, income Etc. In the account section, all the finance ledger heads are created before creating any vouchers.

For creating the new account we have filled in the blank spaces

●       Name: in the name section, we have to enter the name of the ledger head name or vendor or party's name.

●       Is ledger ON and OFF: when the ledger is ON then the account name will function as a ledger head but when the Is ledger is OFF then the account name will function as the groups which are denoted in bold letters.

●       Parent account: Parent account refers to the group of accounts. The Parent account is used to place the ledger head to the respective groups.

●       Pan number: Pan number is used to store the pan number of the parties or vendors or the ledger heads.

●       Set student receivable account: It helps to show the transaction of receivable transactions of the respective students