When setting up a chart of accounts, context matters. The right structure depends on what type of business you run and what stage you’re in. A construction business may benefit from tracking different types of revenue — remodels, handyman work, or licensed trades. But early on, it may not make sense to over-segment expenses like marketing. Detail should exist where it adds insight, not where it creates noise. For most early-stage businesses, keeping the chart of accounts simple leads to better c

What is a Chart of Accounts? | Accounting How To