Note: You must be an admin in order to modify the Chart of accounts.
The Chart of accounts allows all financial data in Orchestra to be aggregated, regardless of origin (e.g., Program, Budget, external data). It defines the “Accounting categories” that can be chosen when setting financial projections or costs in Orchestra.
Our upcoming integrations with accounting systems like Quickbooks will allow you to tie your Orchestra Chart of Accounts with the system’s equivalent hierarchy.
To modify the Chart of accounts:
Go to your Avatar > “Organization settings” > “Chart of accounts”
Add a “parent-level” accounting category from the + in the top-right
E.g., G&A, Personnel, R&D
Add a sub-category for a parent category to add granularity
E.g., “Salaries” and “Taxes & benefits” might go under a parent category of “Personnel”
To add sub-categories underneath a sub-category, use the : delimiter