Chart of Accounts Setup

Accounting Setup

15 min read142 viewsFinancials → Accounting → Chart of Accounts

🎯 Objective

Configure your chart of accounts to accurately categorize all financial transactions across your property portfolio.

💼 Business Purpose

A properly structured chart of accounts is the foundation of all financial reporting. It enables accurate P&L statements, owner statements, and tax reporting.

📋 Prerequisites

Access to the Financials module. Basic understanding of accounting principles.

🗺️ Navigation Path

Financials → Accounting → Chart of Accounts

Important Warning

Deactivating accounts that have existing transactions may affect historical reports.

📜 Compliance Note

Account structure should align with CRA reporting requirements for rental income (T776).