The list of categories a business uses to record every transaction: assets, liabilities, equity, income, and expenses, each with a number and a name. It is the structure the financial statements and the tax return are built on.
A chart designed for the tax return makes year-end easy; one that lumps expenses into a few catch-all accounts makes every deduction a research project. Crypto businesses need sub-accounts for each asset and for realized versus unrealized gains.
As a start. It should be trimmed and renamed to match how your business actually spends and how the return is organized. We set it up as part of onboarding.
Source: Generally accepted bookkeeping practice; QuickBooks and Xero documentation
Last reviewed September 17, 2026. Tax rules change; confirm current law before acting.
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