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The chart of accounts includes all the different types of accounts (assets, liabilities, equity, revenues, and expenses) used within your business. Think of the chart of accounts as the foundation for your financial record-keeping. Starting off on the right foot will save you thousands of dollars down the road, both by eliminating rework and having the ability to view your business performance clearly. A poorly constructed chart of accounts will not allow you to see your business operations effectively.<\/p>\n<\/p>\n