Chart of Accounts
Organize your financial accounts for accurate bookkeeping.
The Chart of Accounts is the foundation of your accounting system. It defines the categories used to classify all financial transactions.
Default Accounts
Qyri provides a default chart of accounts when you set up your organization, covering common categories:
- Assets — Bank accounts, accounts receivable, inventory
- Liabilities — Accounts payable, credit cards, loans
- Equity — Owner's equity, retained earnings
- Revenue — Sales income, service revenue
- Expenses — Operating expenses, cost of goods sold
Managing Accounts
Navigate to Accounting > Chart of Accounts to:
- View all accounts organized by type.
- Add a new account — Click New Account and specify the name, type, and code.
- Edit an account — Update the name or description.
- Deactivate an account — Hide accounts you no longer use without deleting historical data.
Account Types
| Type | Description |
|---|---|
| Asset | Things your business owns (cash, equipment, receivables) |
| Liability | What your business owes (payables, loans, credit) |
| Equity | Owner's stake in the business |
| Revenue | Income from business activities |
| Expense | Costs of running your business |
Best Practices
- Keep it simple — Only create accounts you actually need. You can add more as your business grows.
- Use account codes — Assign numeric codes for consistent ordering (e.g., 1000 for Assets, 2000 for Liabilities).
- Review regularly — Periodically check for unused accounts and deactivate them.