Account group under which the new Account Head falls. It could be any of the primary group ie. Asset, Liability, Direct Income, Direct Expense, Indirect Income, Indirect Expense or any of the Account group that already created.
Code
Any alphanumeric code that can be used for easy access to the Account Head. This is usable while doing journal entry.
Group search button. Press this button to search and select the Account group.
Description
Description about the account head.
Opening
Non reconcile opening balance of the account for the logged-in Financial Year.
Opening as per bank
Reconcile opening balance of the account for the logged-in Financial Year.
Closing
Current closing balance of the account. Do not enter data into the field. It is automatic.