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Setting up a chart of accounts for bookkeeping

This topic contains 0 replies, has 1 voice, and was last updated by  Cottage Oven 5 years, 9 months ago.

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    Cottage Oven

    After a little over two and a half years in a cottage-food business, I’m finally ready to get into more formal bookkeeping. Accountants and QuickBooks cost too much for me, so I am going to use the online-accounting site called “Wave.”

    Right now, I’m try to determine how to set up my chart of accounts, but I have no idea how much I should break things down, other than some sample bakery- or restaurant-related charts of accounts I have found online and much of that seems superfluous (e.g. Accumulated Depreciation – Building”).

    Have any of you set up bookkeeping and, if so, would you be willing to share your chart of accounts to help someone like me get started?

    Thank you.

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