In the Chart of Accounts Screen. How can we add a fifth ‘Type’ as ‘Equity’ ?
Question
Why it is not recommended to add a new account Type as 'Equity' in addition to the standard types - Asset, Liability, Income and Expense
+14Hi
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.
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