Re: Real World - Accounting: What Should You Name Your Accounts?
The only thing I agree with is to keep the name short and concise - but, keeping in mind that others who may see the CoA need understand the listing. Blue bag? really?
I set up business accounts per the tax form the company files. (schedule C, form 1065, depending)
then create the sub accounts I feel I want under those tax form blocks to track detail, ie