When you sign up for Shine, there is already a standard chart of accounts, but you can also easily create your own accounts.

Keep in mind that the bookkeeping can only help you with accounting on our standard chart of accounts. To post to your accounts, you must keep track of VAT rules, etc. yourself.

Account creation and set up

• Go to Settings (the cogwheel)
• Select Organization at the top (there are both Profile and Organization options)
• Select Accounting
• Select Edit chart of accounts at the bottom of the page

On the next window, click on Create account (at the top right corner)

• Select the correct information:
  • Account type
  • Account number
  • Account name
  • And, if necessary, write a description, VAT rate and a Public Account name

In the following example, we assume that a new sales account is to be created:

• The account type the right account for sales
• The account number must be within the group
• The account name must be appropriate for your account. In this case, we write VAT-free sales

If you are creating a bank account:

• Choose the account type Liquid Assets
• The account number must be within the group
• Write a description
• Then, click on Save account