RentHQ Help

Functions > Setup > Chart of Accounts

Equity groups are only available if full accounting mode is enabled.

Equity groups are a way of grouping together similar equity transactions.  An example of an equity group would drawings or cash introduced into the business.

You can choose to ignore some transaction types from cash flow analysis such as transferring money from one bank account to another.  This can affect some reports.

A transaction tax rate can be set for each equity group.  This is used for GST or VAT type taxes.  Tax amounts are then automatically calculated during transaction entry.

The option to close a group simply hides the group when adding new transactions.  Existing transactions using the group will still exist.  This can be useful if you stop needing a particular group, but dont want to delete it.