Add an Account to an Established Chart of Accounts

How Do I...

To set up an account using the Setup Guide

  1. From the Sage 50 main window, select Help>Setup Guide.
  2. Click the Chart of Accounts page, and select the Next button. In the following window, select Add New Accounts. Sage 50 displays the Maintain Chart of Accounts window.
  3. Enter an account ID and description for the account.

    4. The account ID determines how the account is identified and sorted in the chart of accounts list. Most charts of accounts are set up with specific account types grouped together.

  4. Select an account type from the drop-down list.
  5. When you're finished filling in the window, select the Save button.

To set up an account using the menu

  1. Select Chart of Accounts from the Maintain menu. Sage 50 displays the Maintain Chart of Accounts window.

  2. Enter an account ID and description for the account.

    The account ID determines how the account is identified and sorted in the chart of accounts list. Most charts of accounts are set up with specific account types grouped together.

  3. Select an account type from the drop-down list.

  4. Select Save.

    Note: Since this is a new account, Sage 50 assumes a beginning balance of zero. You can immediately assign transactions to the account. If you try to enter a beginning balance, Sage 50 assumes this is a prior-period adjustment and will prompt you for the prior period.

To set up an account from most windows accessed from the Tasks menu

  1. Type + or double-click in the Account ID field. Sage 50 displays the Maintain Chart of Accounts window.

  2. Enter an account ID and description for the account.

    The account ID determines how the account is identified and sorted in the chart of accounts list. Most charts of accounts are set up with specific account types grouped together.

  3. Select an account type from the drop-down list.
  4. Select Save.

Related topics

What if I'm out of balance?

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Published: March 21, 2017
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