Chart of Account

Overview

You need to have Administrator or Account user role to have access to this feature.

Add/remove Chart of Account

By default, Ligalis Accounting provides you with the default chart of account for typical legal practice accounting setup. However, you can add or remove any unnecessary account from the chart.

There are some accounts that are locked, but the users still can change its name and its account code. You can't just change the Account Type of this account due to its system's needs.

To add the account, follow these simple steps;

1. Go to Settings > Accounting > Chart of Account, find Add Account button. Click on it.
2. New Account modal will appear.
3. Select Account type, enter the Code number, Account name and Description.
4. Tick the checkbox 'Enable Payment to Account' only if you plan to use the account for payment purpose.
5. Click Save or Save & Create Another.

To remove the account, follow these simple steps;

1. Select any account by ticking the checkbox on Chart of Account page.
2. Click Delete button.

Caution : If the account already has transaction related to it, an icon lock will appear next to the account name in the Chart of Account. You need to remove all transactions associated with that account if you need to delete the account.

Add Bank Account

Notice we separate account and bank account. This is crucial as it separates between the cash transactions and other accounting transactions.

To add Bank Account, follow these simple steps;

1. Go to Settings > Accounting > Chart of Account
2. Click on Add Bank button.
3. Add Button modal will appear.
4. Select the bank account type; Trust or Office. Trust bank account is for your client account. Office bank account is for your legal practice bank account.
5. Enter the Bank name, Bank account number, Currency, Account Code and Account Number. Fill in description if you must.
6. Click Save Bank Account or Save & Create Another.