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Why it is not recommended to add a new account Type as 'Equity' in addition to the standard types - Asset, Liability, Income and Expense

  • January 30, 2026
  • 1 reply
  • 47 views

In the Chart of Accounts Screen. How can we add a fifth ‘Type’ as ‘Equity’ ?

 

 

Best answer by Dipak Nilkanth

Hi ​@saravana409865,

You can use the Low-Code / No-Code customization feature to add a dropdown value for the Type field as Equity, as shown in the screenshot below.

 

1 reply

Dipak Nilkanth
Pro III
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Hi ​@saravana409865,

You can use the Low-Code / No-Code customization feature to add a dropdown value for the Type field as Equity, as shown in the screenshot below.