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What are GL Accounts?

A general ledger contains user-defined account codes and related dimensional codes for recording different types of vouchers, invoices including on-balance-sheet, off-balance-sheet, post-balance sheet, financial and non-financial natures of Accounts.

1. Enter the name by which you want to identify the account
2. Select the an account type by the dropdown list
3. If you want to link the account to a parent account then select it from the dropdown menu
4. Mention the description to the product
5. Mention a number to the account

Click Save to conclude adding a new GL Account.