What are the types of CRM accounts CoA allows you add?

CoA allows you to add CRM accounts for the following types:

1. Sales
2. Purchases
3. Assets
4. Liabilities
5. Income
6. Expenses

 

1. Assets - Records purchase transactions for your business assets such as equipments, vehicles, buildings, etc
2. Liabilities - Records your uncleared business debts such as loans, mortgages, lines of credit, etc.
3. Income - Records sales transactions and payments you earn from your day-to-day businesses such as income from rendered sales or services etc.
4. Expenses - Records purchase transactions for your business expenses such as operations, advertising, promotion, office - supplies, rent, etc
5. Sales - Records all types of sales transactions for your business.
6. Purchases - Records all types of purchase transactions for your business.