Example Chart of Accounts (Accounting)
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Does anyone have an example chart of accounts (accounting) that they can share with me?
I do not have my CPA but am supporting an Alaskan kelp farmer to establish his bookkeeping. Trying to move him away from Google Sheets to something more sustainable. Would love some help to see how others have tackled this ~
Thanks for your help!
@fortheoceans4915 I spoke with a couple people and didn't come up with a great chart specific to kelp farming--but a couple of us with some entrepreneurial experience had experience with online accounting software and think it's a good option. The revenue side is pretty straightforward (sale of kelp, research, grants) and cost centers track a typical small business (lease/rent, vehicles, supplies, maintenance, fuel).
When I've done bookkeeping for small businesses (mine and for others) in the past I've found it useful to keep the chart as basic as needed to capture tax info and give the owner a high level understanding of fiscal drivers--and when I saw something that was of interest/concern then create new accounts to track it with more granularity.