System accounts in Core

System accounts can be set at the global level but overwritten at the item, project, or invoice level, if needed. You can create and set your own default system, tax, and bank accounts in Core and then assign them in Global Settings. This helps you maintain your own Chart of Accounts numbering and hierarchy. Core uses a combination of 5 digit-4 digit account numbers. Below is a list of System Accounts used in Core.

Account ID Account Name Account Description Display Account
25100 Main Service Tax Payable Main Service Tax Payable 25100 - Main Service Tax Payable
2000 Accounts Payable Accounts Payable 2000 - Accounts Payable
6000 Expenses (Not Billable to Client) Other Expenses 6000 - Expenses (Not Billable to Client)
4400 AR Discount NULL 4400 - AR Discount
3000 Opening Balance Equity Opening Balance Equity 3000 - Opening Balance Equity
1200 Undeposited  funds Undeposited  funds 1200 - Undeposited  funds
25400 Expense Tax Payable Expense Tax Payable 25400 - Expense Tax Payable
6045 AP Discount NULL 6045 - AP Discount
25300 Service Tax Payable Service Tax Payable 25300 - Service Tax Payable
2200 Client Retainers / Payments Received Unearned Customer Deposits/Retainers 2200 - Client Retainers / Payments Received Unearned
25200 Main Expense Tax Payable Main Expense Tax Payable 25200 - Main Expense Tax Payable
4000 Income Other Income 4000 - Income
1210 Accounts Receivable Accounts Receivable

1210 - Accounts Receivable

Was this article helpful?
0 out of 0 found this helpful