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Category: Chart of Accounts Setup

What account numbers do I use for my Chart of Accounts?

Typically, asset accounts begin with a 1, liability accounts with a 2, equity accounts with 3, revenue accounts with 4, and expense accounts with 5, 6, 7, or 8. The default accounts that the program adds use a 5 digit account number, but these can always be changed to fit your needs. Choose an account number not in use that falls numerically or alphabetically in line with your other accounts.