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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

Utilities expense

>> elect
>> gas
>> water
>> etc