About Account Numbering Logic
Although different businesses may use different accounts, the numbering schema that are typically used are very standard. A common coding system employed by most businesses is to use a three or four digit code series as follows:
Account Number |
Type of Account |
1000-1999 |
Assets |
2000-2999 |
Liabilities |
3000-3999 |
Owner Equity or Fund Balance |
4000-4999 |
Revenue |
5000-5999 |
Expense |
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