Yes, you're right, @jkugler1024.
Your chart of accounts gives you different account types to categorise transactions into.
If you need assistance with categorisation or setting up accounts for a specific industry, then I suggest you speak with your accountant for advice on how to proceed.
For more details about the Chart of Accounts, check out these articles:
Don't hesitate to leave a comment below in case there's anything else I can assist you with. I'll get back to you as soon as I can.
