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How do I create a General ledger?
Ryan Voerman avatar
Written by Ryan Voerman
Updated over a week ago

Informer comes with a comprehensive set of general ledger accounts tailored for freelancers and small to medium-sized enterprises (SMEs). However, it’s possible that a specific general ledger account you need is missing.

In Informer, you can add new general ledger accounts or modify existing ones. To create a new general ledger account, navigate to Settings and then to General ledger accounts.

Next, fill in the required details:

  • Number (mandatory)

  • Description (mandatory)

  • Explanation (optional)

  • Type (mandatory)

    • Revenue (profit and loss): for sales invoices.

    • Expenses (profit and loss): for purchase invoices and receipts.

    • Balance sheet: for balance sheet accounts.

  • Account type (mandatory)

    • Normal account

    • Debtors account

    • Creditors account

    • VAT account: for VAT-related accounts.

    • Expense/purchase/revenue account: for sales and purchases.

  • RGS (optional)

  • Budget per year (optional, if you want to set a budget)

  • Groupings (optional)

  • Cost center (optional, if active)

After completing all the necessary fields, you can save the new account and use it in your administration.

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