Click a tab at the top of the Chart of Accounts window to choose the account type you want. These specific accounts must be assigned the following account types:
Your company’s checking accounts must be asset accounts.
If you plan to track credit card purchases using a specific Accounting Plus account, the credit card accounts must be liability accounts.
If you plan to use an undeposited funds account to store all your daily receipts so that you can enter a single deposit at your bank, the undeposited funds account must be an asset account.
When you’ve selected a tab, click the New button at the bottom of the window to open the Edit Accounts window.