Out of the box, CarVue comes with some basic account set-up of nominal codes and payment methods. But we know that you may want to tailor the financial side of your business, so we built that functionality into CarVue's settings so the system is super flexible...
To edit your accounts settings and payment methods, head over to Settings (top-right corner) and under Accounts, select Chart of Accounts.
CarVue comes equipped with the basics to get you started setting up to buy & sell items in your business, with the following account names and types:
Expense (e.g. Cost of Sales, other purchases)
Revenue (e.g. Vehicle Sales, Parts Sales, Labour Sales, MOT etc)
Liability (e.g. Tax)
Asset (e.g. Bank, credit cards, Paypal, vehicle purchases)
Equity (e.g. for stock vehicles)
To edit any of these accounts, simply change its Code, Type or Name and click the green tick on the right to Save it.
You can enable or disable the account by ticking/unticking the Active checkbox as appropriate.
If you want this account to show or hide in your dashboard accounts view, simply tick or untick the Reports/Accounts checkbox.
The Accounts widget under Reports > Accounts will then either show or hide the selected account, as below:
Selecting the Payment checkbox will make your chosen account appear in the account drop-down list when choosing payment options on invoices.
To view an example of adding a new account, see Adding new accounts for taking payments.
Want to know why only certain accounts are available for selection on your Job cards, Invoices, Credit Notes, or Purchases? See Editing what Accounts are listed in CarVue's Job Cards, Invoices, Credit Notes and Purchase Orders.