Build a Chart of Accounts Without Losing Your Mind
Why it matters: A lean chart of accounts keeps reports readable and tax prep painless.
Steps:
Start with six buckets: Revenue, COGS, Operating Expenses, Assets, Liabilities, Equity.
Add sub‑accounts only to answer a real question (e.g., “Marketing Spend”).
Review twice a year merge or delete anything you stopped using.
Clarity Wayfinder Takeaway: Draft your starter chart today; if a category doesn’t drive a decision, drop it.
