How to Add Heads in Chart of Account To Manage Employee Payslip?

To Add Heads in Chart of Account

Chart of Account Head is to categorize financial transactions into specific accounts, like employee salaries, for accurate tracking, reporting, and budgeting. It helps maintain organized and transparent financial records.

Expense Head: Salary , Allowences 

Liablites Head: Deductions ,Funds etc (Employee Security added by default)

Follow These Steps:

1. Click on Chart of Account     
   
2. Click On New Account    
3.  (Code is Auto Generated)
4.  Choose Title For Example “ Staff Salary”
5. Select Account Head as Expense.
6. Select Status As Active.
7. Click On Save Button. 

Note: ("Repeat from step '2' if you want to add multiple EXP account head (e.g Allowances ) ) ."