Chart of Accounts
The chart of accounts is the backbone of your accounting. It lists every account used to record financial transactions.
Viewing the chart of accounts
Go to Accounts → Chart of Accounts:
Chart of Accounts — tree view of all accounts
The chart is arranged as a tree:
| Root Type | What's in it |
|---|---|
| Assets | Bank accounts, debtors (receivables), fixed assets, stock |
| Liabilities | Creditors (payables), VAT payable, loans |
| Income | Sales revenue, other income |
| Expenses | Cost of goods, salaries, rent, utilities |
| Equity | Share capital, retained earnings |
Chart of Accounts — expanded showing all accounts and balances
Adding a new account
1
Find the parent account
Expand the tree to find where your new account belongs (e.g., under Expenses → Office Expenses).
2
Click + Add Child Account
A dialog appears.
3
Account Name
Enter a clear name like Office Stationery or Travel Allowance.
4
Account Type
Choose the type that matches: Expense, Income, Payable, Receivable, etc.
5
Is Group?
Leave unticked unless this account is a parent folder for sub-accounts.
6
Save
The new account appears in the tree and is immediately available for journal entries and expense entries.
Fateh comes with a pre-built Saudi Arabia chart of accounts. Only add or modify accounts if you understand double-entry accounting, or ask your accountant first.