Creating an Income Account

Income is any revenue that comes from the sale of goods and services or from other sources. Your income accounts are mainly sales accounts.

To create an income account

1. On the General Ledger menu, select Chart of Accounts. The Chart of Account screen appears.

2. Click Add. The GL Account Edit screen appears.

3. Type the major account number and primary description for the new account.

4. Type the minor account number and secondary description for the new account.

Note: If the minor account number is 0, leave the description blank.

5. In the Type area, select Income.

6. To define which section of the income statement will include information about the new account, select one of the following:

7. Make sure the Active check box selected.

8. Click OK.