Default Chart of Accounts based on logical functions of a Company

@Parker1090 thank you for sharing this shortcut. It certainly makes things easier.

However, the bigger issue here is that the ‘shrink-to-fit’ approach of starting with a very detailed Chart of Accounts is, IMHO, not a good idea. It promotes looking at irrelevant things and hides the forest behind the trees.

Why not start with a lean, logical CoA and expand it only when pressed by absolute necessity — as per the ‘less is more’ adage. Simply, there’s no reason to collect information that doesn’t affect decision making, is there?

This is what I came up with:

I would like to simplify it even more but there are several default categories that I simply cannot delete.