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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.