Maintaining your Chart of Accounts

You can alter your chart of accounts by adding new accounts, or by changing or deleting existing ones. You can change the account code, the description, the tax code and the category. In MoneyWorks Gold you can also departmentalise or undepartmentalise an existing account. All such changes to the structure of the chart of accounts are recorded in the log file.

Although MoneyWorks allows you to make changes to the chart of accounts quite easily, care should be taken. Major changes to a complex chart of accounts are likely to end up confusing both you and your accountant or auditor.