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if you have a million accounts that show up on your financial statements houston we have a problem now i know theres this urge to want to pile everything up onto the financial statements because you want to make sure that youre capturing everything you also want to make sure that youre telling your organization story and that it speaks through the financials right you want to make sure that youre being transparent and i get all of those things and all of those things are important but there is a time and a place for everything and so in todays video im going to be going over five sections that your chart of accounts needs and were actually going to be going into detail and im actually going to show you an example once we get down to the last two sections because thats usually where i see the bulk of the problems im going to show you some dos and some dont so that you have a clear example of what you should and shouldnt do now lets get started so what is the chart of accou