The chart of accounts is the foundation of the businesses accounting system. Using the wrong account code or not having enough codes will limit or produce incorrect financial st… See more

Producing a chart of accounts can be cumbersome if done manually. However, using accounting software makes this process much easier. The software will have a pre … See more

Looking at different cloud accounting software, each has its standard chart numbering system. We will look at a few. Most accounting software’s bank and cash accounts ar… See more

Our sample chart of accounts uses the numbering system from Xero. It is a simple set but will show how they are formatted. It is split between bank, income, direct costs, expenses, … See more