How To Setup The Chart Of Accounts

In GnuCash, business accounts include standard asset, liability, equity, income, and expense accounts, along with specialized features like accounts receivable (A/R) and accounts payable (A/P) for managing business transactions and finances. It is what you will use to track your income and expenses transactions. In accounting terms it is referred to as the Chart of Accounts! In this tutorial I will show you how to setup the business accounts in GnuCash.