Create a new account under Settings > Configurations > Chart of Accounts

Click on an existing Account and Edit Account will appear

Change the Account Name as desired.

Yes, you can update the account type of an existing accounts only if -

Accounts that do not have any active transactions, items or assets associated with it can be deleted.

After deleting any associated transactions or item, click on the 3-dots menu of the account record, and select Delete.

Make sure that you do not have active transactions, items or assets associated with the account before trying to delete the account.

You can set the account as inactive via the 3-dots menu on the account record.

SGA are the accounts that will be provided to you by Jaz upon the creation of the organization.

SGA accounts cannot be deleted, but you can rename the Account Name for all SGA accounts.

On Jaz, these accounts will have a gear icon beside their account names.

These are also referred as Controlled Accounts.

SGA (System Generated Accounts) cannot be made inactive.

Only accounts that you have created can be turned inactive.

No, all accounts on Jaz should have unique account names.

No, you cannot add new account types. The account types will be provided by Jaz by default.

Bank Accounts

Cash

Current assets

Fixed assets

Inventory

Non-current assets

Direct costs

Operating expenses

Other expenses

Shareholders Equity

Current Liability

Non-current liability

Operating revenue

Other Revenue

There will be no changes to the existing transactions.

For new invoices/bills/journals, the account will not be available as an option in the drop-down list when selecting an account on a line item.

A lock date prevents users in your organization from recording or modifying any transactions associated with the account, on or before the lock date.

This helps to make sure that any important transactions do not get edited or deleted, which is useful in audit scenarios, or when preparing financial reports.

To set the lock date for an account, click on Lock Date when creating an account to select a Lock Date.

Alternatively, you can also set a lock date for an account that has already been created by clicking on the account you would like to edit, and adjusting the lock date.

Monthly movement refers to the net cash flow for the account in a month. In other words:

Yes, you can. Removing an account's lock date, it will not impact any existing transactions.

You will now be able to modify/void/create transactions on or before the previously set lock date

A currency can only be set for accounts of type Asset - Cash and Asset - Bank Account.

You cannot change the currency of an account once it has been set up and saved.

If you have wrongly set up a currency, we suggest recreating the account with your desired currency.