Overview of Your Chart of Accounts Page

On Your Chart of Accounts Page, you can:

1. Add a new account: Your chart of accounts has common accounts related to the business type you selected during setup. To create your own accounts, at the top right corner, click Add a New Account. Then, follow from step three in Add an account to your chart of accounts.
2. Tab overview: Click through the tabs to see your accounts under each account type.
   - The Asset tab contains the accounts that record valuables your business owns.
   - The Liabilities tab contains credit cards and accounts where money is owed to a third party.
   - The Revenues tab contains accounts that record revenue generated for your business.
   - The Expense tab contains accounts that record expenses for your business.
   - The Equity tab contains accounts for owner contributions and drawings, and profits.
3. View accounts: The grey headings represent account types. Within each account type are your added accounts and the accounts created by Wave.
4. Edit accounts: To edit the account type, name, or description, or to archive the account, click the pencil icon to the far right of the account name.
5. Add a new account: To add a new account under a specific account type, under that account type, click Add a new account. Enter any details, then click Save

For additional guidance, you can view the tutorial here.