What is the chart of accounts and which account should I use?
It is the list of buckets your money is sorted into: assets, liabilities, income, expenses, equity.
Every amount you record has to land in an account. The chart of accounts is that list, grouped into five kinds:
• Assets — what you own (cash, bank, stock, money customers owe you).
• Liabilities — what you owe (suppliers, loans, taxes).
• Income — what you earn (sales).
• Expenses — what you spend to earn it (rent, salaries, freight).
• Equity — the owner's stake.
If you are unsure, ask what the amount really is: money you own, money you owe, money earned, or money spent.
Still not sure? Ask it in the chat in the corner — no account needed, and a person answers whatever the assistant can't.
How do I add a customer or a supplier?
Chart of accounts → New account → Type: Party, then say whether they are a customer, a supplier or both.
How do I enter my opening balances?
Opening balances carry your existing books into the app. Enter them once, before day-to-day work.
How do I record a payment I received or made?
Payments → New payment: pick the party, pick the cash or bank account, enter the amount.
How do I settle a small difference left on a customer or supplier balance?
Clear a rounding remainder, an agreed discount or a bad debt with Settle difference, rather than leaving it on the statement.