This article explains the Chart of Accounts in Qoyod, its components, how levels are coded, and the seven levels available to organize accounts to fit your organization’s needs.
Path in Qoyod
Accounting › Chart of Accounts
What is the Chart of Accounts
A list of every account used in the organization, classified by a specific structure based on the size and nature of the business. It is the foundation of the organization’s accounting system.
The seven levels
Qoyod provides 7 levels for the Chart of Accounts. The first level starts with the main accounts using the following coding:
Balance sheet accounts
- 1: Assets.
- 2: Liabilities.
- 3: Equity.
Income statement accounts
- 4: Revenue.
- 5: Expenses.
Sub-accounts
Sub-accounts fall under the main accounts and are coded so their relationship with the parent account is clear. Further sub-branching can be applied the same way down to the seventh level. You can also create custom coding tailored to your organization’s policy.
Navigating the tree
- Expand all: display every level of the tree at once.
- Collapse all: hide lower levels and focus on the top level.
