Account types are used to sort financial reports.  All general ledger accounts must be assigned a type.  This also is used to identify accounts that are on the income statement or balance sheet.


Sprout comes preloaded with account types and can be viewed by selecting GL - Account Types.


Account Type Codes

Account codes start with a letter followed by a number.  


Definitions for each code in Sprout are as follows


  • A - Assets
  • C - Cost of Sales
  • E - Equity
  • I - Other Income
  • L - Liabilities
  • S - Sales
  • T - Taxes
  • X - Expenses


Account Type Grouping

Each account type can also be configured with a numerical value for subgrouping.  For each subgroup a subtotal is displayed in their financial statements.  


For example, A liability account is assigned type L1 - Current Liabilities.



When the balance sheet is run a section for Current Liabilities is displayed within liabilities and sub totaled.


Creating Account Type Codes

On the account type screen select Create New Account Type




Enter a short code using the account type definitions and a number for sequencing.  Enter a description.  Comments are optional.