Accounting: Chart of Accounts

Updated at September 30th, 2021

Odyssey's Chart of Accounts tab allows a user to add a new Chart of Accounts or disable an existing Chart of Accounts.

To add a new Chart of Accounts:

  • Select the 'Accounting' tab
  • Select 'Chart of Accounts'
  • Add a number below 'Number'
  • Add a name of said chart of account below 'Name'
  • Choose a type below the 'Type' drop-down
    • This can be an Asset, Bank, Expense, Liability or Revenue type of account
    • Select 'Save'
    • The newly added Chart of Account will show up in the list
  • Select the gray pencil icon to edit an existing Chart of Account

To disable a Chart of Accounts:

  • Toggle the green slider to 'Disabled' if a Chart of Account is to not be used

Example of Chart of Accounts