Managing ADempiere accounts
Managing a chart of accounts for an organization is usually an accountant's responsibility. Although most of us are not accountants, we can try to understand what an account is, what a chart of accounts is, and how to map an organization's accounts through ADempiere. We will discuss these topics in the upcoming sections.
Chart of accounts
A Chart of accounts is a list of the names of the accounts that an organization has accredited for recording transactions. This list of accounts can be numeric, alphabetic, or even alpha-numeric.
In standard accounting, the term Account is defined as a unique identifier that is used to retrieve and store information in the General Ledger. As you have seen in our previous transaction example, an organization will have an 'account receivable' account that is used when creating an invoice for a customer and/or when receiving a payment from the customer.
Throughout our examples in ADempiere, we will use numbers to identify an organization...