Answering your questions about automating accounts.
In bookkeeping, an account refers to assets, liabilities, income, expenses, and equity, as represented by individual ledger pages, to which changes in value are chronologically recorded with debit and credit entries. These entries, referred to as postings, become part of a book of final entry or ledger. Examples of common A chart of accounts provides a listing of all financial accounts used by particular business, organization, or government agency. The system of…