About default accounts created by tab

[Brucanna]

To show the different cash accounts on the balance sheet read this release

[16.5.32] Added ability to create custom control accounts for cash accounts

This release note has been updated by @brucanna to reflect the change in process that was introduced after the original release. This updating includes the deleting of posts not relevant to the changed process. Cash Accounts All cash accounts (Petty Cash, Cheque (check), Savings, Transactions, Credit Card, Overdrafts ) are created as sub-accounts under the Cash Accounts tab and their balances are grouped together on the Balance Sheet under a single control account called Cash & cash equivalent…

For the other accounts read this release

[16.7.65] Extended ability to create custom control accounts

In the latest version, it is now possible to have multiple control accounts for most subsidiary ledgers: Cash accounts Customers Suppliers Inventory items Fixed assets Intangible assets To create custom control account, go to Chart of Accounts and click New Account button. When creating new account you will notice Control account checkbox. If you tick the box to indicate you are creating control account, you will need to specify what this control account is made up of. Example Let’s say we…