How to Add a New Account in the Chart of Accounts

Adding a New Account

Article Content: This article covers the steps for adding a new account within the Chart of Accounts.

To add a new Account, select “New” from the Chart of Accounts main screen:


Account #: The most commonly used Structure is as follows:
                                 3-5-2
(Department) (Main Account/Natural Acct. Number) (Sub-Account Number)

This is the Synergy Accounting Standard Account Number structure, but it may be modified to suit your needs.
Account Name: The Name is defined by the user and describes the purpose of the Account Number. The Account Description appears on the Trial Balance, Account Inquiry, Financial Statements, Journal entries and Template entries.
Description: This field is optional and is used as a reference field.
Account Use: This field is optional and is used as a reference field.


Balance Type: Select the Balance type from the Drop down Menu: 

Inactive - An Inactive Account Number will not allow General Ledger information to be posted to the Account. An Account Number may be changed from Inactive to Active at any time in order to allow activity to be posted. 

Corresponding Stat Account: This feature can be used to create a corresponding Statistics account. To create a new account, click on the plus sign icon:


Once all account information has been correctly entered, Save & Close to add the account.

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