Chart of Accounts

Setup > Accounting > Chart of accounts

Priority: Important

In the Chart of Accounts section, you enter account information for the following General Ledger (G/L) accounts that CMS uses for reporting purposes:

·      Sales

·      Returns

·      Inventory Value on Hand

·      Cost of Goods Sold

·      Sales Tax

You will want these account numbers to match those in your accounting system to facilitate custom accounting integrations and reports. If you have more than one sales revenue account, entering this information will allow you to run an Invoice Summary with Revenue Accounts report that provides totals by sales account.

Click to begin.

Fields and options on this screen:

(click italicized items for additional information)

·     Account

·     Description

·     Type

·     Class

·     Sort