How to Use the Chart of Accounts

Your chart of accounts is the list of accounts that your organization uses to track funds and financial activity. It's called a "chart of accounts" by accounting convention but it isn't really a "chart" in the typical sense, so you might prefer to think of it as a "list of accounts". 

Don't know what a chart of accounts is? Check out this article to learn about the Chart of Accounts!

Where is my chart of accounts?

You can find your chart of accounts by choosing My MonkeyPod > Chart of Accounts from the main menu. (Your chart of accounts is also available from the Finance menu.)

MonkeyPod comes loaded with the chart of accounts recommended by the National Council of Nonprofits for small nonprofit organizations, so no need to worry if you haven't developed your own chart of accounts yet!

How do I add an account?

To add an account, select the Finance > Chart of Accounts. Click the tab corresponding to the category of account you want to add, and then click the "Add <type> account" link for the specific type of account. Here is what it looks like to add a bank account.

Enter the details about the new account and click 'Save'.

What options do I have for managing my chart of accounts?

You can merge accounts, reconcile accounts, edit accounts, create sub-accounts, and so much more!

The most common actions are accessible using the icons on the account line.

For other actions, click the "three dots" icon to expand the rest of the menu.

Frequently Asked Questions

How do I reconcile an account?

To reconcile an account, simply go to that account and click the reconcile icon shown below.

How do I enter an opening balance?

To enter an opening balance on an account, select the account by clicking it in the chart of accounts, then choose Edit settings from the sidebar menu.

From there, go to the bottom of the account and enter the opening balance.

Learn more about opening an opening balance.

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