Chart of accounts: import, defaults, control accounts
Recorded on a demo practice with fictional data.
Open the video pageMYLEDGERChart of accounts & the ledger
Default chart for each entity type
Start a new client with a sensible default chart for their entity type.
The problem it solves
Building a chart from nothing for each new client is wasted effort.
How it works
- Create the client and choose their entity type.
- Load the default chart.
- Tailor it to the client.
What your practice gets
- A sensible start.
- Suited to the entity type.
- Less setup time.
Watch it in the product
A short recording of default chart for each entity type in use.
Questions accountants ask
Which entity types have defaults?
Each supported entity type.
Can I use my firm's own chart?
Yes. Practice default charts can replace the system defaults.
Can I change it afterwards?
Yes.
Related features
Features that work alongside default chart for each entity type.
Chart of accounts
View, add, rename, reorder, merge and delete accounts, and apply tax return labels, for each client.
VideoAccount usage counts
See how many transactions and journals use each account before you delete or merge it.
Coding rules
Per-client rules that code transactions matching a description to an account, with AI-generated rules and bulk editing.
Practice default charts
Set your firm's standard chart for each entity type, which new clients inherit; edit or reset it any time.
VideoTransaction ledger
Every transaction for the client is kept in one ledger that all MYLEDGER screens read from and write to.
Tracking categories (Segments)
Create tracking categories, such as location, department, job or cost centre, tag transactions and split the P&L and Balance Sheet into a column per option.
VideoSee it working in your practice.
Start with one workflow and adopt more of the connected practice system over time. Your team reviews and approves the work.
14-day free trial. A payment method is required to start. Your paid subscription starts automatically when the 14 days end; cancel during the trial and you pay nothing. After the trial, a 6-month minimum term applies, then month-to-month. Commit to 12 months up front and the monthly price is 20% lower. See pricing.