Financial Settings - Chart of accounts

Main Menu | Admin | Financial Settings | Chart of Accounts

A chart of accounts (COA) is an index of all the Financial Accounts in the General Ledger of a company. It is an organisational tool that provides a digestible breakdown of all the financial Transactions that a company conducted during a specific Accounting Period, broken down into subcategories.

It is used to organise finances and give interested parties, such as investors and shareholders, a clearer insight into a company’s financial health.

To make it easier for readers to locate specific accounts, each chart of accounts typically contains a name, brief description, and an identification code.

Your organisation's Chart of Accounts can be found in Admin | Settings | Company Settings - 1 | Chart of Accounts

The General Ledger list can be filtered by trail

Adding General Ledger Codes

General Ledger codes can be added manually, by using the + Account Code button or by importing a set of codes from an outside source. e.g. Your accounting software will probably allow you to export a list of General Ledger codes into a .csv file, which can then be imported. Please contact us to discuss this.

Alternatively, if you are using Odyssey's advanced Xero integration module, the Chart of Accounts can be pulled from Xero.

To add a General Ledger Account code manually:

Click the + Account code button

Enter a name for the Account Code, e.g. Accommodation Revenue

Enter a short code for the Account, e.g. ACCREV

Select a Tax Rate from the drop down menu

Select an account type from the drop down menu, e.g. Assets, Expenses, Equity, Liabilities, Revenue

Tick each trail that this General Ledger code can be used on

To Export General Ledger Codes 

General Ledger codes can be exported for use or manipulation in another programme.

• Use the Export all General Ledger Codes button, or

• if you have filtered the list by Trail, there will be an Export by x Trail option to select.

Learn about managing .csv files here

Learn about managing .tsv files here

To Import General Ledger Codes

This button will operate when our Client has the Xero API integration turned on. it's a LIVE pull from the configured Xero account.

This feature is coming soon!