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Chart of Accounts

The Chart of Accounts contains your G/L accounts. These accounts are the basis of your accounting system, keeping monthly totals of income, costs, expenses, assets, and liabilities.

The Clients & Profits chart of accounts is completely customizable. You can have as few or as many accounts as you need (there’s no real limit to the quantity of accounts). Each account has an account number, classification, sub-class, and categories for cash flow and ratio reports. Separate accounts can be set up for different profit centers and departments. Every account keeps real-time running balances for up to 24 accounting periods. For more information, see the Chart of Accounts FAQ and the General Ledger FAQ.

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