To this point, we have used the standard United States Chart of Accounts template provided by OpenERP. Most companies, however, will need to modify this chart of accounts or even set up an entirely different chart of accounts to match the needs of their business. As an example, we are going to add an additional sales account specifically for t-shirts so that we can better organize our sales into types of products.
To set up a new account, navigate to the Accounting menu and then down to the Configuration section and select Accounts. OpenERP will present you with a listing of all your current accounts in OpenERP. Click on Create to add a new account as shown in the following screenshot:
Notice in the preceding screenshot that we have specified the account code as 479110. Why did we choose this as the account code? OpenERP had already provided 479100 for the general Sales account. Therefore, 479110 was an appropriate account code to choose for our t-shirt sales....