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[docs]minor changes
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@@ -19,7 +19,7 @@ The Chart of Accounts helps you to answer:
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You may note that as a business manager,it is very valuable to see how well your business is doing.
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> Tip: If you can’t read a Balance Sheet (I confess it took me a long time to figure this out) its a good opportunity to start learning about this. It will be worth the effort. You can also take the help of your accountant to setup your Chart of Accounts.
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> Tip: If you can’t read a Balance Sheet (I confess it took me a long time to figure this out) it's a good opportunity to start learning about this. It will be worth the effort. You can also take the help of your accountant to setup your Chart of Accounts.
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To edit your Chart of Accounts in ERPNext go to:
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@@ -65,7 +65,7 @@ Accounting Transactions can only be made against Ledger Accounts (not Groups)
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### Other Account Types
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In ERPNext, you can also specify more information when you create a new Account, this is there to help you select that particular account in a scenario like Bank Account or a Tax Account and has no affect on the Chart itself.
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In ERPNext, you can also specify more information when you create a new Account, this is there to help you select that particular account in a scenario like Bank Account or a Tax Account and has no effect on the Chart itself.
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You can also tag if an account represents a Customer, Supplier or Employee in "Master Type".
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@@ -84,4 +84,4 @@ Typically, you might want to create Accounts for
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- Types of Expenses (travel, salaries, telephone etc) under Expenses.
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- Taxes (VAT, Sales Tax etc based on your country) under Current Liabilities.
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- Types of Sales (for example, Product Sales, Service Sales etc.) under Income.
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- Types of Assets (building, machinery, furniture etc.) under Fixed Assets.
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- Types of Assets (building, machinery, furniture etc.) under Fixed Assets.
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