Work with the chart of accounts

Your chart of accounts is the list of buckets every transaction is sorted into. Talisk seeds a standard Canadian small-business chart the first time you open the ledger.

1. Go to Ledger › Accounting: the Chart of Accounts tab.
2. Accounts are grouped by Assets, Liabilities, Equity, Revenue, and Expenses, with their tax-line mappings.
3. Click Add Account to create your own: set its Account Number, Account Name, and Account Type.

You can edit, deactivate, or reactivate accounts you created, and mark an expense account as COGS. The seeded accounts are labelled System and can't be edited or deleted, so the standard chart stays consistent. To retire an account you added, Deactivate it rather than deleting: that keeps its history.

Your active expense accounts appear at the top of every category dropdown, under Your chart — expenses, whether you're coding a bill, a receipt, or a bank transaction. An account you deactivate drops out of those lists.