Chart of Accounts
| Code |
Account Name |
Although
the codes used here are a single character, the majority of real world applications
use a numeric code broken down into account types, eg:
- 1000-1999=Assets
- 2000-2999=Liabilities
- 3000-3999=Equity
- 4000-4999=Revenue
- 5000-5999=Expense
|
| B |
Bank |
| C |
Cash |
| E |
Expenses |
| R |
Revenue |
The above is your chart of accounts. Remember the codes
for each account (tip: the code is the first letter of the account's name). The
next page will take you to your first transaction.
|