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Chart of Accounts introduction

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Summary

An introduction to the chart of accounts in Sage Accounting Start.

Description

The Chart of Accounts lists all your business’s nominal ledger accounts and group transactions to show performance.

Resolution


What is a category?

Each category has a unique code to identify the account, though you can change them to use your own numbering scheme if required.

When you enter a transaction in Accounting Start, you assign the relevant code depending on what you’re recording. For example, a sales invoice or a bank payment.

The Chart of Accounts groups each part of your business and controls where it appears on your reports. Use these reports to track your income, spending, assets, liabilities, and capital.

About the chart of accounts

Accounting Start uses a standard chart of accounts that includes control categories. The product uses control accounts when recording transactions to make sure you record items such as VAT correctly.

You can tailor your Chart of Accounts to suit your business. You can edit most categories, but not control categories.

View the chart of accounts

  1. Go to More Business Settings.
  2. Select Chart of Accounts.

 

 





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