Edit - Accounts
On the Edit → Accounts menu, you may add, create or delete accounts for the following account types:
1.Ledger 
Income / Expense , 
Asset / Liability / Capital accounts and 
Retained earnings (Retained income) and 
Debtor's control and 
Creditor's control accounts.
2.
Bank account will allow you to link a Payments and Receipts batch on the Bank tab.
3.
Tax account will allow you to set the tax percentage for (VAT/GST/Sales tax) and specific tax settings.