This screen shows fields allowing you to setup name and codes for equity accounts in your Uwazi database

This screen enables you to configure equity accounts in your new database. The fields are as follows:

  • Equities code and Equities name: This is a header account that all other equity accounts are grouped under. The name of this account will appear on reports that group equities together.
  • Current earnings code and Current earnings name: This account is used for net earnings/profit/surplus in the current financial or fiscal year.
  • Retained earnings code and Retained earnings name: This account is to record the balance of historical earnings/profit/surplus that has been retained in your business.

Quick Tip

Account codes and names can be changed later through Uwazi’s Chart of Accounts screens.