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      <div class="WebWorks_Breadcrumbs" style="text-align: left;">
        <a class="WebWorks_Breadcrumb_Link" href="companyfile.4.1.htm#1091659">Setting up your company file</a> &gt; <a class="WebWorks_Breadcrumb_Link" href="companyfile.4.5.htm#1091659">Set up accounts</a> &gt; Setting up accounts</div>
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      <blockquote>
        <div class="hm_ModuleHeading"><a name="1091659">Setting up accounts</a></div>
        <div class="hp_ProcedureHeading" onclick="WebWorks_ToggleDIV(WebWorksRootPath, &quot;wwdd1091663&quot;);">
          <span class="N_007eProcBullet"></span><a name="1091663">To create an account</a><script type="text/javascript" language="JavaScript1.2">WebWorks_WriteArrow(WebWorksRootPath, "wwdd1091663", false);</script></div>
        <script type="text/javascript" language="JavaScript1.2">WebWorks_WriteDIVOpen("wwdd1091663", false);</script>
        <div class="bs_BodyStep_outer" style="margin-left: 0pt;">
          <table border="0" cellspacing="0" cellpadding="0" summary="">
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              <td>
                <div class="bs_BodyStep_inner" style="width: 14.1732283464567pt; white-space: nowrap;">
                  <span class="N_007eStepNum">1	</span>
                </div>
              </td>
              <td width="100%">
                <div class="bs_BodyStep_inner"><a name="1091664">Go to the </a><span class="w_Widgets">Accounts</span> command centre and click <span class="w_Widgets">Accounts</span> <span class="w_Widgets">List</span>. The <span class="w_Widgets">Accounts List</span> window appears.</div>
              </td>
            </tr>
          </table>
        </div>
        <div class="bs_BodyStep_outer" style="margin-left: 0pt;">
          <table border="0" cellspacing="0" cellpadding="0" summary="">
            <tr style="vertical-align: baseline;">
              <td>
                <div class="bs_BodyStep_inner" style="width: 14.1732283464567pt; white-space: nowrap;">
                  <span class="N_007eStepNum">2	</span>
                </div>
              </td>
              <td width="100%">
                <div class="bs_BodyStep_inner"><a name="1098650">Click </a><span class="w_Widgets">New</span>. The <span class="w_Widgets">Edit Accounts </span>window appears. </div>
              </td>
            </tr>
          </table>
        </div>
        <div class="bs_BodyStep_outer" style="margin-left: 0pt;">
          <table border="0" cellspacing="0" cellpadding="0" summary="">
            <tr style="vertical-align: baseline;">
              <td>
                <div class="bs_BodyStep_inner" style="width: 14.1732283464567pt; white-space: nowrap;">
                  <span class="N_007eStepNum">3	</span>
                </div>
              </td>
              <td width="100%">
                <div class="bs_BodyStep_inner"><a name="1091677">If you want to create a header account, select the </a><span class="w_Widgets">Header </span><span class="w_Widgets">Account</span> option.</div>
              </td>
            </tr>
          </table>
        </div>
        <div class="bs_BodyStep_outer" style="margin-left: 0pt;">
          <table border="0" cellspacing="0" cellpadding="0" summary="">
            <tr style="vertical-align: baseline;">
              <td>
                <div class="bs_BodyStep_inner" style="width: 14.1732283464567pt; white-space: nowrap;">
                  <span class="N_007eStepNum">4	</span>
                </div>
              </td>
              <td width="100%">
                <div class="bs_BodyStep_inner"><a name="1091679">Select the account type from the </a><span class="w_Widgets">Account Type</span> list. The <span class="w_Widgets">Account Classification</span> field changes according to the selection you make. For more information on account classifications, see <span class="l_Link"><a href="companyfile.4.5.htm#1091452">Set up accounts</a></span>.</div>
              </td>
            </tr>
          </table>
        </div>
        <div class="bs_BodyStep_outer" style="margin-left: 0pt;">
          <table border="0" cellspacing="0" cellpadding="0" summary="">
            <tr style="vertical-align: baseline;">
              <td>
                <div class="bs_BodyStep_inner" style="width: 14.1732283464567pt; white-space: nowrap;">
                  <span class="N_007eStepNum">5	</span>
                </div>
              </td>
              <td width="100%">
                <div class="bs_BodyStep_inner"><a name="1091683">Enter a four-digit number for the account in the </a><span class="w_Widgets">Account </span><span class="w_Widgets">Number</span> field. The number must be unique within each account classification.</div>
              </td>
            </tr>
          </table>
        </div>
        <div class="bs_BodyStep_outer" style="margin-left: 0pt;">
          <table border="0" cellspacing="0" cellpadding="0" summary="">
            <tr style="vertical-align: baseline;">
              <td>
                <div class="bs_BodyStep_inner" style="width: 14.1732283464567pt; white-space: nowrap;">
                  <span class="N_007eStepNum">6	</span>
                </div>
              </td>
              <td width="100%">
                <div class="bs_BodyStep_inner"><a name="1091684">Press </a><span class="k_Keys">Tab </span>and type a name for the account. </div>
              </td>
            </tr>
          </table>
        </div>
        <div class="bs_BodyStep_outer" style="margin-left: 0pt;">
          <table border="0" cellspacing="0" cellpadding="0" summary="">
            <tr style="vertical-align: baseline;">
              <td>
                <div class="bs_BodyStep_inner" style="width: 14.1732283464567pt; white-space: nowrap;">
                  <span class="N_007eStepNum">7	</span>
                </div>
              </td>
              <td width="100%">
                <div class="bs_BodyStep_inner"><a name="1091685">Click the </a><span class="w_Widgets">Details</span> tab.</div>
              </td>
            </tr>
          </table>
        </div>
        <div class="bs_BodyStep_outer" style="margin-left: 0pt;">
          <table border="0" cellspacing="0" cellpadding="0" summary="">
            <tr style="vertical-align: baseline;">
              <td>
                <div class="bs_BodyStep_inner" style="width: 14.1732283464567pt; white-space: nowrap;">
                  <span class="N_007eStepNum">8	</span>
                </div>
              </td>
              <td width="100%">
                <div class="bs_BodyStep_inner"><a name="1091693">If you want, type a brief description of the account in the </a><span class="w_Widgets">Description</span> field.</div>
              </td>
            </tr>
          </table>
        </div>
        <div class="bs_BodyStep_outer" style="margin-left: 0pt;">
          <table border="0" cellspacing="0" cellpadding="0" summary="">
            <tr style="vertical-align: baseline;">
              <td>
                <div class="bs_BodyStep_inner" style="width: 14.1732283464567pt; white-space: nowrap;">
                  <span class="N_007eStepNum">9	</span>
                </div>
              </td>
              <td width="100%">
                <div class="bs_BodyStep_inner"><a name="1091694">In the </a><span class="w_Widgets">Tax Code</span> field, select the tax code that you use most often with transactions that will be posted to this account.</div>
              </td>
            </tr>
          </table>
        </div>
        <div class="bs_BodyStep_outer" style="margin-left: 0pt;">
          <table border="0" cellspacing="0" cellpadding="0" summary="">
            <tr style="vertical-align: baseline;">
              <td>
                <div class="bs_BodyStep_inner" style="width: 14.1732283464567pt; white-space: nowrap;">
                  <span class="N_007eStepNum">10	</span>
                </div>
              </td>
              <td width="100%">
                <div class="bs_BodyStep_inner"><a name="1091695">If you are creating an asset, liability or equity account (other </a>than an asset with the account type of <span class="w_Widgets">Bank</span>), select an option from the <span class="w_Widgets">Classification for Statement of Cash Flows</span> list.</div>
              </td>
            </tr>
          </table>
        </div>
        <div class="bsc_BodyStepContinued" style="margin-top: 3.0pt;"><a name="1091698">Classifying the accounts allows you to generate a statement </a>of cash flows. This report shows how your cash position has changed over time, profit earned and where your cash was spent. If you’re unsure about which classification to use, consult your accountant or an MYOB Certified Consultant.</div>
        <div class="bs_BodyStep_outer" style="margin-left: 0pt;">
          <table border="0" cellspacing="0" cellpadding="0" summary="">
            <tr style="vertical-align: baseline;">
              <td>
                <div class="bs_BodyStep_inner" style="width: 14.1732283464567pt; white-space: nowrap;">
                  <span class="N_007eStepNum">11	</span>
                </div>
              </td>
              <td width="100%">
                <div class="bs_BodyStep_inner"><a name="1091699">If you are creating a bank or credit card account, and you </a>want to keep a record of your bank account details, click the <span class="w_Widgets">Banking</span> tab and enter your account details.</div>
              </td>
            </tr>
          </table>
        </div>
        <div class="bs_BodyStep_outer" style="margin-left: 0pt;">
          <table border="0" cellspacing="0" cellpadding="0" summary="">
            <tr style="vertical-align: baseline;">
              <td>
                <div class="bs_BodyStep_inner" style="width: 14.1732283464567pt; white-space: nowrap;">
                  <span class="N_007eStepNum">12	</span>
                </div>
              </td>
              <td width="100%">
                <div class="bs_BodyStep_inner"><a name="1091700">[Detail accounts only] If you want to e</a>nter historical balances, complete the <span class="w_Widgets">Last FY </span>column on the <span class="w_Widgets">History</span> tab. That way you can compare the year’s monthly account balances with those of the corresponding months last year.</div>
              </td>
            </tr>
          </table>
        </div>
        <div class="bs_BodyStep_outer" style="margin-left: 0pt;">
          <table border="0" cellspacing="0" cellpadding="0" summary="">
            <tr style="vertical-align: baseline;">
              <td>
                <div class="bs_BodyStep_inner" style="width: 14.1732283464567pt; white-space: nowrap;">
                  <span class="N_007eStepNum">13	</span>
                </div>
              </td>
              <td width="100%">
                <div class="bs_BodyStep_inner"><a name="1091702">[Detail accounts only] If you want to set up a budget:</a></div>
              </td>
            </tr>
          </table>
        </div>
        <div class="bss_BodySubStep_outer" style="margin-left: 14.1732283464567pt;">
          <table border="0" cellspacing="0" cellpadding="0" summary="">
            <tr style="vertical-align: baseline;">
              <td>
                <div class="bss_BodySubStep_inner" style="width: 9.9212598425197pt; white-space: nowrap;">
                  <span class="N_007eSubStep">a	</span>
                </div>
              </td>
              <td width="100%">
                <div class="bss_BodySubStep_inner"><a name="1091703">Click </a><span class="w_Widgets">Budgets</span>. The <span class="w_Widgets">Prepare Budgets</span> window appears. </div>
              </td>
            </tr>
          </table>
        </div>
        <div class="bss_BodySubStep_outer" style="margin-left: 14.1732283464567pt;">
          <table border="0" cellspacing="0" cellpadding="0" summary="">
            <tr style="vertical-align: baseline;">
              <td>
                <div class="bss_BodySubStep_inner" style="width: 9.9212598425197pt; white-space: nowrap;">
                  <span class="N_007eSubStep">b	</span>
                </div>
              </td>
              <td width="100%">
                <div class="bss_BodySubStep_inner"><a name="1091704">Type the budget amounts in the monthly columns.</a></div>
              </td>
            </tr>
          </table>
        </div>
        <div class="bss_BodySubStep_outer" style="margin-left: 14.1732283464567pt;">
          <table border="0" cellspacing="0" cellpadding="0" summary="">
            <tr style="vertical-align: baseline;">
              <td>
                <div class="bss_BodySubStep_inner" style="width: 9.9212598425197pt; white-space: nowrap;">
                  <span class="N_007eSubStep">c	</span>
                </div>
              </td>
              <td width="100%">
                <div class="bss_BodySubStep_inner"><a name="1091705">Click </a><span class="w_Widgets">Close</span>.</div>
              </td>
            </tr>
          </table>
        </div>
        <div class="bsc_BodyStepContinued"><a name="1091709">For more information, see </a><span class="l_Link"><a href="financialcontrol.20.11.htm#1106760">Budgets</a></span>.</div>
        <div class="bs_BodyStep_outer" style="margin-left: 0pt;">
          <table border="0" cellspacing="0" cellpadding="0" summary="">
            <tr style="vertical-align: baseline;">
              <td>
                <div class="bs_BodyStep_inner" style="width: 14.1732283464567pt; white-space: nowrap;">
                  <span class="N_007eStepNum">14	</span>
                </div>
              </td>
              <td width="100%">
                <div class="bs_BodyStep_inner"><a name="1091710">Click </a><span class="w_Widgets">OK</span> when you have finished. The account now appears in your accounts list.</div>
              </td>
            </tr>
          </table>
        </div>
        <script type="text/javascript" language="JavaScript1.2">WebWorks_WriteDIVClose();</script>
        <div class="hp_ProcedureHeading" style="margin-bottom: 4.0pt; margin-top: 8.0pt;" onclick="WebWorks_ToggleDIV(WebWorksRootPath, &quot;wwdd1091714&quot;);">
          <span class="N_007eProcBullet"></span><a name="1091714">To group detail accounts with a header account</a><script type="text/javascript" language="JavaScript1.2">WebWorks_WriteArrow(WebWorksRootPath, "wwdd1091714", false);</script></div>
        <script type="text/javascript" language="JavaScript1.2">WebWorks_WriteDIVOpen("wwdd1091714", false);</script>
        <div class="b_Body"><a name="1091715">You group accounts by indenting the accounts located below a </a>header account. </div>
        <div class="bs_BodyStep_outer" style="margin-left: 0pt;margin-top: 2.0pt;">
          <table border="0" cellspacing="0" cellpadding="0" summary="">
            <tr style="vertical-align: baseline;">
              <td>
                <div class="bs_BodyStep_inner" style="width: 14.1732283464567pt; white-space: nowrap;">
                  <span class="N_007eStepNum">1	</span>
                </div>
              </td>
              <td width="100%">
                <div class="bs_BodyStep_inner"><a name="1091716">Go to the </a><span class="w_Widgets">Accounts</span> command centre and click <span class="w_Widgets">Accounts</span> List. The <span class="w_Widgets">Accounts List</span> window appears.</div>
              </td>
            </tr>
          </table>
        </div>
        <div class="bs_BodyStep_outer" style="margin-left: 0pt;margin-top: 3.0pt;">
          <table border="0" cellspacing="0" cellpadding="0" summary="">
            <tr style="vertical-align: baseline;">
              <td>
                <div class="bs_BodyStep_inner" style="width: 14.1732283464567pt; white-space: nowrap;">
                  <span class="N_007eStepNum">2	</span>
                </div>
              </td>
              <td width="100%">
                <div class="bs_BodyStep_inner"><a name="1091717">Select the detail account you want to group. </a></div>
              </td>
            </tr>
          </table>
        </div>
        <div class="bs_BodyStep_outer" style="margin-left: 0pt;margin-top: 2.0pt;">
          <table border="0" cellspacing="0" cellpadding="0" summary="">
            <tr style="vertical-align: baseline;">
              <td>
                <div class="bs_BodyStep_inner" style="width: 14.1732283464567pt; white-space: nowrap;">
                  <span class="N_007eStepNum">3	</span>
                </div>
              </td>
              <td width="100%">
                <div class="bs_BodyStep_inner"><a name="1091718">Click the </a><span class="w_Widgets">Down</span> button at the bottom of the window to group the account with the header located above it.</div>
              </td>
            </tr>
          </table>
        </div>
        <script type="text/javascript" language="JavaScript1.2">WebWorks_WriteDIVClose();</script>
        <div class="href_ReferenceBlockHeading"><a name="1115777">Related Topics</a></div>
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                <div class="bbi_BulletedIndented_inner" style="width: 9.9212598425197pt; white-space: nowrap;">
                  <span style="color: Gray;">■</span>
                </div>
              </td>
              <td width="100%">
                <div class="bbi_BulletedIndented_inner"><span class="l_Link"><a href="companyfile.4.5.htm#1091452" name="1115781">Set up accounts</a></span></div>
              </td>
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        <div class="bbi_BulletedIndented_outer" style="margin-left: 14.1732283464567pt;">
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              <td>
                <div class="bbi_BulletedIndented_inner" style="width: 9.9212598425197pt; white-space: nowrap;">
                  <span style="color: Gray;">■</span>
                </div>
              </td>
              <td width="100%">
                <div class="bbi_BulletedIndented_inner"><span class="l_Link"><a href="companyfile.4.7.htm#1091721" name="1115785">Enter account opening balances</a></span></div>
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      </blockquote>
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