Chart of Accounts
The Chart of Accounts is an organized list of all the financial accounts in in your business. It serves as the backbone of your bookkeeping, helping you stay categorize and track financial transactions in a structured way.
Where Can I See My Chart of Accounts?
Go to the “Accounting Tab” in the side bar or navigate to https://use.kick.co/accounting and click on Chart of Accounts in the list.
How is the Chart of Accounts different from Categories?
In Kick, the Chart of Accounts serves as the foundation for organizing financial data, while Categories are how transactions are classified within that structure.
Here are some key differences:
The Chart of Accounts is a high-level financial structure that organizes all of your business’s financial accounts (assets, liabilities, equity, income, and expenses).
Categories are used to classify individual transactions (such as office supplies, meals, or advertising expenses).
Every transaction in Kick is assigned to a Category, which then maps to the correct Account in the Chart of Accounts.
How do I add Custom Accounts into my Chart of Accounts?
Go to the Accounting Tab and click on Chart of Accounts.
Click Add Account
Select the Type and Subtype and then enter the name for your Custom Account, then click Create.
How do I edit or delete a Custom Account in my Chart of Accounts
Go to the Accounting Tab and click on Chart of Accounts.
Search for the Custom Account that you wish to edit or delete.
Click on the 3 dot menu.
To edit, click on Rename. Edit the Custom Account and click Rename.
To delete, click on Delete. A pop-up will appear to confirm if you wish to delete the Custom Account. Click Delete.