The Chart of Accounts is the backbone of your accounting system. Here's how Sadeed organizes it:
**Account Types:**
- **Assets** (1xxx) — What your company owns
- **Liabilities** (2xxx) — What your company owes
- **Equity** (3xxx) — Owner's investment
- **Revenue** (4xxx-5xxx) — Income from operations
- **Expenses** (6xxx-7xxx) — Costs of running the business
**Tips:**
- Don't create too many accounts — keep it simple
- Use sub-accounts for detailed tracking
- System expense accounts (6100-7300) are pre-configured and cannot be deleted
Questions about setting up your chart of accounts? Ask below!
Understanding the Chart of Accounts in Sadeed
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