Account — Intangible assets, at cost

This guide explains how to rename the built-in Intangible assets at cost account in Manager.

The Intangible assets at cost account is automatically added to your Chart of Accounts when you create at least one intangible asset. While this account cannot be deleted, you can rename it and adjust its grouping to suit your accounting needs.

Accessing the Account Settings

To rename the Intangible assets at cost account:

1. Go to the Settings tab.
2. Click on Chart of Accounts.
3. Locate the Intangible assets at cost account.
4. Click the Edit button beside the account name.

Editing Account Details

In the account editing form, you can modify the following fields:

Name

Enter a new name for the account. The default name is Intangible assets at cost, but you can rename it to match your preferred terminology.

Code

Optionally, assign a code to the account. This can help with sorting and organizing accounts, especially if you use account codes in your Chart of Accounts.

Group

Select the group under the Balance Sheet where this account should be presented. This allows you to organize your accounts within the financial statements effectively.

Saving Changes

After updating the account details, click the Update button to save your changes.

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For more information on managing intangible assets, refer to the Intangible Assets guide.