Chart of accounts
The list of buckets your money can be sorted into: assets, liabilities, equity, revenue, expenses. New workspaces start with a default set you can rename or extend.
In Solo Superstars
Open Accounting › Chart of accounts to see yours, grouped by class with a colored code badge on each row. Add accounts, rename them, or archive ones you never use. Every bank account you add pairs with its own ledger account automatically.
The default chart of accounts page lists what a fresh workspace starts with. Yours may differ — the app never overwrites your edits.
Example
A design studio might rename 4010 Services to "Design fees" and add 4011 "Retainers". Both still sit in Revenue and roll into the Income statement the same way.
Codes shown are the defaults a new workspace starts with. Yours may be renamed or renumbered — check Accounting › Chart of accounts. See the full default chart.
Also called
- CoA
- QuickBooks: Account list
- account list
Related
- Ledger account — One row in the chart of accounts, such as Bank Charges. Not to be confused with a bank account, which is a real place money lives.
- Account code — The four-digit number on a ledger account. The first digit tells you the class: 1 assets, 2 liabilities, 3 equity, 4 revenue, 5 cost of goods sold, 6–7 expenses, 8 other income, 9 other expenses.
- Account class — The five fundamental kinds of account: asset, liability, equity, revenue, and expense. Every ledger account is one of them.
- Default chart — The chart of accounts every new workspace starts with, numbered the way QuickBooks users expect. Yours may have been renamed or extended since.
- Contra account — An account that reduces another one on the same statement. Sales returns reduce revenue; accumulated depreciation reduces assets; owner draws reduce equity.