Accounting set up
Please, can you tell me how the chart of accounts is prepared?
This question comes from my Ask the Expert page, and I want to share it here.
The Chart of Accounts is really just a list of the accounts you plan to use in your accounting. There is a basic set of accounts that most small businesses start with, then add to or subtract from as they move ahead with their business. There are also certain accounts that specific small businesses use more than others. That said, use the link below for more information on setting up a Chart of Accounts.
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