Can anyone help with following please.
1.I do not have much knowledge in accounts. I manage to add chart of accounts. What should I apply for ‘parent account’ ,‘personalized group’ and ‘group of account’ ?
for ‘Personalized group’ I added - Income / Expenses / Profit / Asset / Liability / Equity
Account Number - 00-00-102
Label - Bank Current Account
Short label -
Parent account-
Personalized groups -
Group of account -
- What should I select for default accounting account for customer / vendor /user ?