--- title: "Chart of Accounts (GL Codes)" slug: "chart-of-accounts-gl-codes" updated: 2024-10-15T21:59:12Z published: 2024-10-15T21:59:12Z canonical: "help.cenpoint.com/chart-of-accounts-gl-codes" --- > ## Documentation Index > Fetch the complete documentation index at: https://help.cenpoint.com/llms.txt > Use this file to discover all available pages before exploring further. # Chart of Accounts (GL Codes) **This article covers Chart of Accounts/GL Codes** Set up your Chart of Accounts/GL Codes by going to CP Books→Advanced→Chart of Accounts ![](https://cdn.document360.io/e2120353-eb2a-47e7-80e2-597dd258dbbe/Images/Documentation/image-1GYAN6CO.png) Or by going to More→ Chart of Accounts ![](https://cdn.document360.io/e2120353-eb2a-47e7-80e2-597dd258dbbe/Images/Documentation/image-5EJJGM49.png) There are 7 Account types, Asset, Bank Liability, Credit Card, Equity, Revenue, and Expense ![](https://cdn.document360.io/e2120353-eb2a-47e7-80e2-597dd258dbbe/Images/Documentation/image-L8HYLQ23.png) In CenPoint there will be a few default or required GL Codes. Default Required GL Codes in CenPoint: - Current Assets - Accounts Receivable - Long Term Assets - Current Liabilities - Accounts Payable - Long Term Liabilities - Retained Earnings - Job Revenue - Job Expenses Once you save a GL Code, the type CANNOT be changed. Type meaning once you choose either Asset, Bank, Liability, Credit Card, Equity, Revenue, or Expense it will forever be that account type. ![](https://cdn.document360.io/e2120353-eb2a-47e7-80e2-597dd258dbbe/Images/Documentation/image-N3TAPLR2.png) You can however change the name of the account and what GL Code the account lives under. In this scenario we are creating a Credit Card account type, and we are choosing Jamie’s Test Card as the GL the new account will live under. You can click ‘Preview’ to view the hierarchy of accounts before you save the new account. ![](https://cdn.document360.io/e2120353-eb2a-47e7-80e2-597dd258dbbe/Images/Documentation/image-V96QL18N.png) Add any notes, Set a Starting Balance, Itemize by State, and click OK to save ![](https://cdn.document360.io/e2120353-eb2a-47e7-80e2-597dd258dbbe/Images/Documentation/image-38XPW3CW.png) You can also restrict a GL Code/block manual entry into that account i.e. A/R,A/P, etc. ![](https://cdn.document360.io/e2120353-eb2a-47e7-80e2-597dd258dbbe/Images/Documentation/image-MOBS7Y01.png) When entering the account #, we generate the balance sheet order based off of the account # In the US, according to GAAP rules, assets should be listed in order of liquidity 1000 Cash 1001 A/R 1002 Inventory 1000 A/R 1001 Cash 1002 Inventory Examples of how Chart of Accounts/GL Codes may be set up: **Vehicle - Asset** Current => long term **Assets** Current Assets A/R Bank Account (Register / Bank Feed / can be used as a pay source for bills) Cash / Petty Cash Checking Savings Vehicle Equipment Inventory Bits & Blades (assign on part) Other **Long Term Assets** Land Buildings **Liability** Current Liability (1 year or less) A/P Credit Cards (Register / Bank Feed / can be used as a pay source for bills) Bank Credit Card Short Term Loan **Long Term Liabilities** Loan Equity Revenue Job Revenue / Income (Required Account) Core Drilling (assign on task) Flat Saw (assign on task) Expense Payroll Salary employees Foreman Laborer Trainee Vehicles / Equipment New Purchases Maintenance Fuel Parts (assign on part) Office supplies Paper Computer Hardware Office Furniture **Retained Earnings** Owner's Equity / portion Buy Equipment + Equipment asset + Loan - cash + Expense Not printing out right? We print in numerical order so you may need to change the Account number. **Chart of Accounts on Portal** CP Books -> Other -> Chart of Accounts (GL Codes) -> Write GL codes on top in blue to filter (or add new one by clicking **Plus** icon in the blue) -> Click **OPEN** ![](https://cdn.document360.io/e2120353-eb2a-47e7-80e2-597dd258dbbe/Images/Documentation/Screenshot%202024-02-02%20132819.png) Fill in the necessary information below. ![](https://cdn.document360.io/e2120353-eb2a-47e7-80e2-597dd258dbbe/Images/Documentation/Screenshot%202024-02-02%20133305.png)