Determining where a ledger account shows on the financial statement is based on the type of account it is. The option to select the type of each account is located on the Account resource. Changing the type will change which section of the financial statement this account appears on. Accounts under each type are sorted in numeric order.

Some of the type choices available are:

• Fixed Assets
• Current Liabilities
• Selling & Operating Expenses

ASISmartBooks also provides the ability to set up subaccounts. An example of this may be multiple Notes Payable accounts. Creating each Notes Payable separately will allow for individual tracking and allow them to be grouped together using the "Subaccount Of" field on each account resource. The financial statement will then show these accounts separately, but grouped together under the main account.

By using these two features together, it will be easier to determine where each account shows in the financial statement. How detailed the financial statements are can be based on how many subaccounts or subaccount levels are set up. Using these tools will help organize the financial statements, making them efficient for how each individual company wants to report their financial information.