Did you know that Chart of Accounts registered in SAP Business One has 3 types according to accounting requirements?
You can choose the type of Sales, Expenditure, or Other.
- Sales Type used for sales accounts, usually used for accounts in the fourth drawer (Turnover)
- Expenditure Type used for cost accounts, usually used for accounts in the fifth to the eighth drawers (Tax of Sales)
- Other Type usually used for accounts registered in the Balance Sheet, the first drawer (Assets) to the third (Capital)