Chart Of Accounts

The Chart of Accounts (CoA) is the backbone of your books — the list of accounts that every transaction posts to, grouped into assets, liabilities, equity, income and expenses.

View your accounts

Go to Accounting → Chart of Accounts. Accounts are grouped by type, each with a number and name (for example 4010 Rent - Tenant Portion, 5000 Repair & Maintenance, 1100 Checking).

Add or edit an account

1. Click New to open the account panel.
2. Give it an account name.
3. Choose the account type (asset, liability, equity, income, expense) and a detail type (the more specific category, such as Checking or Repairs & Maintenance).
4. Optionally make it a subaccount of a parent, and add a description. (The account number is suggested for you.)
5. Save.

To edit, open an account's menu and choose Edit.

Deactivating accounts

You can deactivate accounts you no longer use — individually, or in bulk with the Make inactive batch action.

Tips

• Keep account names consistent with QuickBooks if you sync, so reports line up.
• Use the right income account on invoice line items so your Income Statement breaks down correctly.

Related

• Accounting overview
• Journal Entries