A heading is an income or expense account: the "head" you book money under, such as Electricity, Salaries, Sales or Scrap Income. A heading is a ledger on the profit & loss side of your accounts. This screen shows only those ledgers, so you can add and review your income and expense heads without scrolling through the whole chart of accounts.
When to use it
At setup, to create your common expense and income heads, and later whenever you need a new one.
Where to find it
Masters > Account Master > Heading.
The fields on this screen
| Section | Field (on screen) | What to enter | Required |
|---|---|---|---|
| Ledger Details | Ledger Name | Name of the account as it should appear in your books and reports. Keep it unique. | Yes |
| Ledger Details | Ledger Group | The group this account sits under. It decides where the balance appears in the Balance Sheet or P&L. | Yes |
| Ledger Details | Ledger Type | What kind of account this is, such as Cash, Bank, Sundry Debtors or VAT. | Yes |
| Costing Effect | Is Cost Element | Tick to treat this ledger as a manufacturing cost element. Set its type and behaviour under Cost Element Ledgers. | No |
| Configuration | Intercompany - represents org | Set only when this account stands for a sister company. Its balances drop out of group reports. | No |
Adding a record
- Open Masters > Account Master > Heading.
- Click Add / New.
- Enter the head name and pick an Income or Expense group.
- Click Save.
Tips and common mistakes
- A heading is a ledger. It shows up in your chart of accounts and reports on the P&L.
- Choose the right group (income or expense). It decides which side of the profit & loss the amounts land on.