tania_franolic
Level 3

Other Questions

Hi @Sabin Gautam ,

 

I really think that depends on how large the Chart of Accounts is going to be and how many numbers you need in between.  For example, some firms will use a 5-digit account number so they have 10,000 options between assets & liabilities.  You may make each section of CA, FA start with 500 so banks might be 10000, 10001, 10002, etc. CAs might be 10500, 10600, etc., FAs might be 11000, 11100, 11200, etc.  I'm not sure there's an exact standard.  It will also change reporting in QBO based on what Account Type and Detail Type you select when setting up the CoA.

 

I hope this helps.