Accounts

Your chart of accounts is the list of categories that every amount in your books is sorted into, such as Bank, Sales Revenue, or Tax Payable.

Where to find it

Go to Settings → Accounts. The page is titled Chart of Accounts. Use the type filter to show one kind of account.

Account types

Type	What it holds
ASSET	Things you own or are owed: cash, stock, customer balances
LIABILITY	What you owe: supplier balances, tax
EQUITY	The owners’ stake in the business
REVENUE	Income from sales
EXPENSE	Costs of running the business

Starter accounts

Every new organisation comes with these accounts. Homwe uses them automatically when posting:

Code	Name	Type	Used for
1000	Bank / Cash	Asset	Money in the bank
1100	Accounts Receivable	Asset	What customers owe you
1200	Inventory Asset	Asset	The value of tracked stock
1300	Intercompany Receivable	Asset	What related organisations owe you
2000	Accounts Payable	Liability	What you owe vendors
2100	Tax Payable	Liability	Tax charged and reclaimed
2200	Intercompany Payable	Liability	What you owe related organisations
2300	Goods Received Not Invoiced	Liability	Goods received that haven’t been invoiced yet
4000	Sales Revenue	Revenue	Default income from sales
4200	Inventory Adjustment Income	Revenue	Stock gains from counts and adjustments
5000	Cost of Goods Sold	Expense	The cost of stock you’ve sold
5100	Purchases	Expense	Non-stock purchases
5200	Inventory Adjustment Expense	Expense	Stock losses from counts and adjustments

You can rename starter accounts and change their codes. Homwe still recognises them.

Caution

Don’t delete starter accounts. Homwe needs them to post documents.

Add an account

1. Click + New.
2. Enter a Code (e.g. 1010, unique and up to 20 characters), a Name (up to 100 characters), and a Type.
3. Click Create.

To change an account’s code or name, choose Edit from its … menu.

Delete an account

Tick the accounts, click the trash icon, and confirm. This is permanent. You can’t delete an account that has entries in your books or is used by a product or expense. If any ticked account can’t be deleted, none are deleted.

Permissions

Permissions are given through access levels. Owners and Admins have all of them.

Permission	Lets you
List Accounts	See the chart of accounts
Manage Accounts	Add, edit, and delete accounts