Guide Categories
Chart of Accounts
The foundation of your accounting system with a structured list of all accounts for recording transactions.
Overview
The Chart of Accounts in Accounter is the foundation of your accounting system. It provides a structured list of all accounts used to record transactions, including assets, liabilities, equity, income, and expenses.
Note
The Chart of Accounts follows standard accounting principles, ensuring compatibility with financial reporting requirements.
Accessing Chart of Accounts
To view your Chart of Accounts:
- Navigate to the Settings tab
- Select Chart of Accounts
- Review the automatically generated accounts or add custom ones
Account Types
Accounter organizes accounts into categories:
| Account Type | Description |
|---|---|
| Assets | Cash, inventory, equipment, and receivables |
| Liabilities | Payables, loans, and other obligations |
| Equity | Owner's equity and retained earnings |
| Income | Sales revenue and other income sources |
| Expenses | Operating costs and expenditures |
Customization
While Accounter automatically creates standard accounts, you can customize the chart by adding specific accounts that match your business needs and industry requirements.
Pro Tip
Start with the default chart and add custom accounts as needed. This ensures you maintain accounting standards while meeting specific business requirements.
Best Practices
- Follow standard accounting principles for account structure
- Use descriptive names for custom accounts
- Maintain consistent numbering systems
- Regularly review and clean up unused accounts
- Document the purpose of custom accounts
- Consider industry-specific account requirements