How to set up your Chart of Accounts in eHissab

The Chart of Accounts (COA) is a structured list of every financial account in your business. Think of it as the index of your accounting system.

Why your COA matters

• Your P&L report shows exactly where money is coming from and going
• Tax time is faster and less stressful
• You can spot problems (like rising costs) early
• Your accountant can work more efficiently — saving you money

The five account types

Every account in your COA belongs to one of five types:

1. 1Assets — what your business owns (bank accounts, receivables, equipment)
2. 2Liabilities — what your business owes (loans, payables, VAT payable)
3. 3Equity — owner's investment and retained profits
4. 4Revenue — income from sales and services
5. 5Expenses — costs of running the business

Setting up your COA in eHissab

Go to Accounting → Chart of Accounts → Set up. eHissab gives you a pre-built COA for Omani businesses that you can customise:

• Bank accounts (add your actual bank account names)
• Accounts Receivable and Payable
• VAT Payable and VAT Receivable
• Sales Revenue (rename per your product lines)
• Cost of Goods Sold
• Common expenses (rent, salaries, utilities, marketing)

• Rename any account to match your business
• Add sub-accounts for more detail (e.g. "Revenue → Product Sales" and "Revenue → Service Fees")
• Archive accounts you don't use

Once your COA is set up, every invoice, payment, and expense you record in eHissab posts to the correct account automatically.