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8.5.1. Subaccount Type

To create a new Subaccount Type, select the NEW button. The following screen will appear:

Create New Subaccount Type

When creating a new Subaccount Type, you are presented with the following options:

Code

Enter a code to describe the Subaccount Type.

Type

Specify the Account Type you want to assign the Subaccount Type to.

The following selections are available: Asset, Liability, Expense, Revenue, and Equity.

Description

Enter a description to further describe the Subaccount Type.