Create an Account


Written by Nick Miles

Last published at: June 20th, 2019
  1. Select Accounts from the Home page.
  2. Click Create.
  3. Enter an Account Number (use numbering system from your chart of accounts), an account Name, a Description, and select an Account Type from the drop-down menu.
  4. Click Create.
  5. Now that the account is created, click Edit to configure additional settings.
  6. Configure the following settings:
    • Description - Internal account description
    • Has Checks - This flag indicates if checks can be written from this account
    • Subof Account - Indicates the parent account linked to this account
    • Rev Share Parent - Indicates the account used during revenue share - generally a pool account
    • Statement Account - Indicates the statement account this account is part of
    • Vendor - Indicates the vendor linked to this account - generally the vendor who provides an account investment statement
    • Manage Cash- This flag indicates if this account participates in cash management.
    • Manage cash only applies to Asset and Liability accounts.
    • IRS 1099 Field - This flag is used for 1099 designation - generally corresponds with the box this account would fall into
    • Exclude From Statement - This flag indicates if this account should be excluded from fund statements
    • Restriction - Indicates the general restriction on account balance
    • Financial Views - Indicates the financial views this account is part of
    • Available For Cash - Indicates the available percentage of account balance - default is 100%
    • Check Format - Select a default check format for the account.
  7. Click Save.