Getting Started > General Ledger, Chart of Accounts, and Budgets > Add an Account to an Established Chart of Accounts

Add an Account to an Established Chart of Accounts

To set up an account using the Setup Guide

From the Sage 50 main window, select Help>Setup Guide.
Click the Chart of Accounts page, and click Next. In the following window, select Add New Accounts. Sage 50 displays the Maintain Chart of Accounts window.
Enter an account ID and description for the account.

The account ID determines how the account is identified and sorted in the chart of accounts list. Most charts of accounts are set up with specific account types grouped together.

Select an account type from the drop-down list.
When you're finished filling in the window, click Save.

To set up an account using the menu

Select Chart of Accounts from the Maintain menu. Sage 50 displays the Maintain Chart of Accounts window.
Enter an account ID and description for the account.

The account ID determines how the account is identified and sorted in the chart of accounts list. Most charts of accounts are set up with specific account types grouped together.
Select an account type from the drop-down list.
Click Save.

Note: Since this is a new account, Sage 50 assumes a beginning balance of zero. You can immediately assign transactions to the account. If you try to enter a beginning balance, Sage 50 assumes this is a prior-period adjustment and will prompt you for the prior period.

To set up an account from most windows accessed from the Tasks menu

Type + or double-click in the Account ID field. Sage 50 displays the Maintain Chart of Accounts window.
Enter an account ID and description for the account.

The account ID determines how the account is identified and sorted in the chart of accounts list. Most charts of accounts are set up with specific account types grouped together.
Select an account type from the drop-down list.
Click Save.