Looking at the Chart of Accounts can be a bit dense so I’ve decided to present a sample P&L instead. (The goal of the Chart of Accounts is to get the accounts to track to the appropriate location on the financial statements.) Take a look at the screenshot below and structure your Chart of Accounts accordingly:
Caveat: your business is unique, so you may need to do some tailoring!
Want valuable startup information delivered straight to your inbox?
Your email has been added to the list.