Chart of Accounts

The Chart of Accounts (CoA) in SMURPS is a tree‑based structure that lists all the accounts and ledgers for your company. It reflects the fundamental double‑entry accounting principle—every financial transaction must debit one account and credit another. Top‑level groups such as Assets, Liabilities, Equity, Income, and Expenses organise the accounts into balance sheet and profit & loss categories.

To view the CoA, go to Home → Accounting → Accounting Masters → Chart of Accounts. You’ll see a tree where group accounts can contain sub‑accounts while ledger accounts (leaf nodes) hold balances.

You may select the Company to view and edit the CoA for different companies within SMURPS. 

Creating a new account

1. Navigate to the parent group under which you want the new account and click Add Child.
2. Enter the Account Name, select the appropriate Account Type (Asset, Liability, Equity, Income or Expense), and set the Currency.
3. Tick Is Group if the account will contain child accounts; leave it unticked for ledger accounts.
4. Click Save to add the account; the system will automatically maintain the debit and credit totals for each account.

Groups aggregate totals from their children, whereas ledger accounts track individual transactions. Remember that balance‑sheet accounts (Assets, Liabilities and Equity) show balances carried forward, while profit & loss accounts (Income and Expense) reset at the start of each financial year.