Review the chart of accounts

When you first set up your company in Sage Accounting, we create a set of ledger accounts. We base these on your type of business: Sole trader, limited company, or limited liability partnership (LLP).

We use ledger accounts to group your transactions so you can see how your business is performing.

Each ledger account has a Category that determines how transactions appear on your financial reports. These include the Profit and Loss and the Balance Sheet.

All your ledger accounts appear in the Chart of Accounts list.

Find a ledger account

1. Go to Settings and Chart of Accounts.
2. Use the Search box to filter the list by a ledger account by name or number.
3. Sort the list by Category.
4. Select Search from the dropdown.

Export the chart of accounts

You can export the list of ledger accounts to an excel spreadsheet.

When setting up a new chart of accounts, consider exporting the existing chart of accounts to a spreadsheet. You can then make the required changes and import them back into Sage Accounting. You can only do this when you haven't entered any transactions.

Import a chart of accounts

Use our CSV file template to import your existing chart of accounts. Useful if you're coming from another system and want to use the same ledger accounts.

You can only do this when you haven't entered any transactions in Sage Accounting.

Import your chart of accounts.

Change your chart of accounts

Create as many new ledger accounts as you need or change existing ones to suit your business.

Read how to create a ledger account for more information.

Edit an existing ledger account

To edit an existing ledger account, read edit a ledger account.

For example, if you're running a gardening business, you might want to change Product Sales to Gardening Sales.

The Chart of accounts list

The chart of accounts list is a report you can review and export.

Read the chart of accounts list for more information.

• Unable to find a nominal ledger account when creating transactions
• Run the Nominal Activity report