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In this video tutorial, the presenter demonstrates how to hide an account from the chart of accounts in a financial software setup. If a user encounters accounts that are unnecessary or irrelevant, they can choose to hide them for a cleaner view. For example, the presenter decides to hide "billable expense income," which is not needed in their case, by selecting "make inactive" from a drop-down menu. After confirming this action, the account no longer appears in the income options. If a user mistakenly hides an account they need, they can easily reactivate it by clicking the gear icon and selecting "include inactive" to retrieve the hidden account.