Chart of accounts

In Rowdx

1. Accounting
2. Chart of Accounts

Your system comes with a standard chart of accounts in five root groups:

Group	Examples
Assets	Banks, cash, receivables, stock, fixed assets
Liabilities	Payables, VAT payable, loans
Equity	Capital, retained earnings
Income	Sales, service revenue
Expenses	Cost of goods sold, salaries, rent, utilities

Group and ledger accounts

• Group account — holds accounts under it; you don't post to it directly.
• Ledger account — the one transactions are posted to.

Adding an account

1. Open the Chart of Accounts.
2. Click the group the account belongs under, e.g. Bank Accounts.
3. Click Add Child.
4. Enter the account name and whether it is a group.
5. Choose an account type when the account has a special role:

Account type	Use for
Bank	Every bank account
Cash	Cash boxes
Receivable	Customer receivables
Payable	Supplier payables
Tax	Tax accounts
Stock	Inventory
Fixed Asset	Fixed assets
Depreciation	Depreciation expense

6. Save.

One account per bank

Create a separate account for each bank account (e.g. "Al Rajhi – Current") to make statement upload and matching easy.

Financial statement line

Each account is automatically mapped to a line of the Qawaem financial statements. To move an account to another line, open it and change the Financial statement line field.

Editing and deleting accounts

• You can rename any account at any time.
• Accounts with transactions can't be deleted. Disable them instead.
• A ledger account with transactions can't be converted to a group.