Out of Balance: Missing Chart of Account Type or Code

How to edit a Chart of Account record that doesn’t have a Type and/or Code.

Step 1 

Review your trial balance and determine that it is out of balance then check your Chart of Accounts to ensure all accounts include a Type and Code

  • Go to Reports on the left navigation pane, scroll down to Chart of Accounts and click on the 01 Chart of Accounts Reference report.
  • Open the report and identify the Chart of Accounts that are missing a Type and/or Code.

Step 2

Go to Settings >Chart of Accounts. Locate the account needing a Type and/or Code and click Edit (pencil icon). 

Click on the Type and/or Code dropdown, select the appropriate general ledger Type and/or Code and click Save.  

Note: Once these changes are made, your account should be in balance and these entries will be reflected in your financial statements. You may want to consult with your accountant or bookkeeper to identify the accounts that require an adjustment. 

Please do not hesitate to reach out to Studio Designer support via help@studiodesigner.com should you have any further questions or concerns.