Account schedule can be used to account for all the payments to be made and received. This may relate to any dues to be made by the company. Account schedule can have sub schedules also, by creating a parent account schedule. For an overview of account schedule click here.

Fields & its description

• Code

Enter any code corresponding to the account schedule.

• Name & Short Name
  

According to the code entered above, type a name for the account schedule. Similarly, short name can also be entered.

• Nature

Select the nature of the account schedule in this field. E.g. Liability, if there are dues pending.

• Parent

If this account schedule is the parent then select none. Next time when you use this field, you can select this account schedule as the parent.