---
title: How do I create a new account in the Chart of Accounts?
description: chart of accounts, financials, CoA
---
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# How do I create a new account in the Chart of Accounts?
### How do I create a new account in the Chart of Accounts?
### Overview
Use this to add either a new parent account (a major transaction category) or a new sub-account (a more specific subcategory nested under a parent).
### Steps
1. Click **+ Add New Account** at the top right of the Chart of Accounts window. The **NEW ACCOUNT** area opens where the account detail area normally appears.
2. **Account # (optional)** — enter an actual account number if you have one, a numeric sequence marking it as a parent account, or (for a sub-account) a number that ties it to its parent. This field is optional but very helpful for tracking parent/sub-account relationships elsewhere in Financials.
3. **Account Name** — enter a short, accurate description of the account.
4. **Account Type** — choose from the dropdown: Credit Card, Liability, Asset, Bank, Expenses, Equity, or Income.
5. **Detail Type** — choose from the dropdown. The available options change depending on which Account Type you selected.
6. **Starting/Year-to-Date Balance as of \[Date\]** — enter the dollar value of the account's opening balance. The date shown here comes from the **Effective Starting Date for Financial Transactions** field in Account \> Settings. If no date has been set there, no date will display. (See the Financials: Settings guide for more on that setting.)
7. **Parent Account (optional)** — if this new account is a sub-account, select its parent account from the dropdown.
8. Click **Save** when you're finished.
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