Understand Your Chart of Accounts

Every transaction in CheckSmith.ai posts to an account. Accounts are grouped by type: assets, liabilities, equity, income, and expenses.

When you create a workspace, we seed a starter chart of accounts. You can rename, add, or archive accounts at any time.

How to add an account

1. Open Bookkeeping > Chart of Accounts.
2. Click 'New account.'
3. Pick a code (four digits, e.g. 6250), a name, a type, and the normal balance (debit or credit).
4. Save. The new account is available immediately in invoices and journal entries.