Chart of Accounts

Default chart of accounts

The system comes pre-loaded with a chart of accounts designed for schools. The account tree follows standard double-entry structure:

Assets
├── Current Assets
│   ├── Cash in Hand
│   ├── Bank Accounts (one per bank)
│   └── Fee Receivable
└── Fixed Assets
    └── School Building, Furniture, Equipment

Liabilities
├── Current Liabilities
│   ├── Salaries Payable
│   └── Other Payables
└── Long-term Liabilities

Income
├── Fee Income (Tuition, Development, Lab, etc.)
└── Other Income

Expenses
├── Staff Salaries
├── Administrative Expenses
└── Other Expenses

Adding accounts

Go to Accounts → Chart of Accounts → Add Account. System accounts (marked with a lock icon) cannot be deleted or renamed. User-created accounts can be edited or removed if they have no transactions.

Account types

Each account is assigned a type: Asset, Liability, Income, or Expense. The type controls which side of the balance sheet it appears on and how transactions affect it.