Account Profiles

To open the Account Profiles screen, click the Need to create an account? Click here to add link on the Account Profiles screen.

Accounts must be added to the Account Profiles screen before they can be added to the Chart of Accounts and combined with a profit center.

The fields appear on the Account Profiles screen are:

Field	Description
Account Number	The base Account Number that will be used when entering your chart of account numbers. The base Account Numbershould adhere to the format defined in the Account 1st Digits screen (chart of accounts first digits) and Account Groupings screen.
Name	The Name of the account will represent the account throughout the system and on any reports where the G/L number appears.
Type	The Type of account determines the location the account will appear on financial reports.
Asset or Liability	Used on balance sheet accounts and denotes which side of the balance sheet this account will appear on.
Memo Account	Whether or not you want a memo account added to the account profile. Memo accounts only prints on financial statements and do not affect the G/L balancing procedure. Memo accounts are used to represent a number corresponding to a financial value. If your G/L equipment inventory account was 12000 you might set up a memo account 12001 so that the total number of units that represent the inventory value could be listed on the financial reports.

The account types appear on different reports are:

Type
Account	Report
Balance Sheets Account	Assets & Liabilities.
Profit/Loss Account	Sales & Cost of Sales.
Expense Account	Expense & Miscellaneous Income.

The buttons complete work on the Account Profiles screen are:

Button	Function
Save	Saves changes made to the Account Profiles screen.
Save & New	Saves a newly added account profile and refreshes the Account Profiles screen, allowing you to add another account profile without closing the screen.
Close	Closes the Account Profiles screen without saving and returns to the Account Profiles screen.