How to Add Account Type List in Flovix

How to Add an Account Type in Flovix

Overview

The Account Types feature in Flovix allows you to create and manage account categories used throughout the financial system. Defining account types helps organize financial records, maintain consistent account classification, and improve the accuracy of financial reporting and account management.

Properly configured account types ensure a well-structured chart of accounts and simplify financial operations.

Steps to Add an Account Type

1. Click Lists.
2. Select Account Type List.
3. Click Add Account Type.
4. Enter the required account type information:
5. Account Type Name (for example: Assets, Liabilities, Income, Expenses, or Equity)
6. Description (optional)
7. Configure any additional settings, if applicable.
8. Review the entered information.
9. Click Save to create the new account type.

Key Features

• Quick Setup: Easily create and manage account types in Flovix.
• Organized Financial Records: Classify accounts using custom account types for a well-structured chart of accounts.
• Simple Management: Add, edit, and maintain account categories with ease.
• Accurate Reporting: Improve financial reporting through consistent account classification.
• Efficient Financial Control: Streamline account organization for accurate bookkeeping and better financial management.

Result

After saving, the new account type will appear in the Account Type List and will be available when creating and managing accounts throughout the Flovix financial system.