Main accounts are the accounts that make up your companies Chart of Accounts.
When you first create a company in Kudoo, we automatically create a default set of Main accounts. The reason we do this, is so that when you transact we can record all the financial transactions automatically.
However we also give you the option to load your own Main accounts. This is helpful when you are migrating from an existing system and would like to bring across all historical transactions.
Ledger postings are the rules that determine how the sub ledgers data flows through to the Ledger.
We have the following auto postings automatically setup when a new company is created in Kudoo: