Account

An account in ContactsLaw is analogous to its namesake in double-entry accounting.

Transactions are posted to accounts to affect their balance. Each line item of a transaction debits one account and credits another by the same amount. This ensures that the sum of all account balances is always zero.

Sections under general accounting:

1. Chart of accounts
2. Aged Debtors
3. Balance Sheet:
4. Bank
5. GST
6. Profit & Loss
7. Reconciliations
8. Trial Balance