Explanation of Different Account Types

Kindly explain to different Account Types in detail. Information already on Frappe Forums and Frappe Docs is insuffient. I would like someone to explain to me how each account type is handled in ERP NEXT 15.

Hi @umarshahzad0001

The Account Type is the main handler for all kind of GL accounts under your COA.

It has been distributed into several groups keeping in mind Financial Statement True report depends upon choose correct account nature as following;

Balance Sheet items

Profit & Loss Items

can you further elaborate on the use of Income Account vs Direct/Indirect Income and Expense account vs Direct/Indirect Expense.