GO4SCOUNT Chart of Accounts

Chart of Accounts

The chart of accounts is the nomenclature of all accounts used by your institution to record accounting transactions.

Introduction

The chart of accounts groups all accounting accounts used for recording financial transactions. GO4SCOUNT provides by default a chart of accounts compliant with the OHADA accounting system (SYSCOHADA), but you can customize it according to your needs.

Chart of Accounts Structure

The chart of accounts is organized into classes, groups and accounts:

Account Classes

Accounts are grouped into 9 main classes:

Class 1: Permanent Resources (equity, loans)
Class 2: Fixed Assets (property, equipment)
Class 3: Inventory
Class 4: Third Parties (customers, suppliers, staff)
Class 5: Treasury (banks, cash)
Class 6: Expenses
Class 7: Income
Class 8: Other Expenses and Income
Class 9: Cost Accounting

Account Management

You can manage your accounting accounts in several ways:

Create a New Account

Click on 'New Account' and fill in the information: number, label, type, class and group.

Edit an Account

Use the actions menu (three dots) to access editing options.

Activate/Deactivate an Account

Inactive accounts can no longer be used in new entries.

Search for an Account

Use filters to search by number, name, type, class or status.

Chart of Accounts Import/Export

GO4SCOUNT allows you to import and export your chart of accounts:

Export Chart of Accounts

Download your chart of accounts in Excel format for backup or analysis.

Import Accounts

Import accounts in bulk from an Excel file in the required format.

Next Steps

Now that your chart of accounts is configured:

Record Entries

Record your first accounting transactions

Configure Journals

Organize your entries by transaction type