- Ensure the ‘Use Account Numbers‘ preference is enabled. This will automatically associate four-digit account numbers with existing accounts. (Go to Setup > Accounting > Accounting Preferences > General > Use Account Numbers box)
- Assign account numbers that are alphanumeric, with a maximum of 60 characters. The first digit should be any number from 1 to 8, and the number of characters must not exceed 30.
- Adhere to the standard numbering for the chart of accounts:
- 1xxx – Asset accounts
- 2xxx – Liability accounts
- 3xxx – Equity accounts
- 4xxx – Income accounts
- 5xxx – Cost of Goods Sold (COGS) accounts
- 6xxx – Expense accounts
- 8xxx – Other Income accounts