Creating Account ID in Zoho CRM

Creating Account ID in Zoho CRM

Hi,
Can anyone tell me how Zoho designate the "Account ID" for each new account? We need it to take some part of the "Account Name" to do so, is there any "formula" option or something like that that can help us manage that?
So far we had to manually imput the Account name since it doesn´t do it automatically.
Thanks!

Example:
Account Name: Accord Home and Care
Accoint ID: AHC

The Account ID must be different for each account
Example:
Account Name: Acma Home and Care
Accoint ID: AcHC