If you are setting up your own bookkeeping system, you will need a list of income/expense categories to classify your transactions. Accounting software usually comes with default lists, or a number of lists to choose from, but you will need your own list if using a spreadsheet for your bookkeeping.
Example charts of accounts:
- Generic chart of accounts (for any business).
- Coming soon: streamlined chart of accounts for specific business types, e.g. infoproducts, training, ecommerce, consulting, agencies.
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