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hi folks Im Hector Garcia CPA and advanced QuickBooks ProAdvisor and in this video were gonna talk about the standard chart of accounts and their account numbers now theres a general myth out there most small business owners even accountants you in the profession is that there is one standard chart of accounts that works for all businesses or that every business should have a very specific chart of accounts thats actually not true I worked with thousands of companies over the years and I would say that probably its accurate to say that every single one had an entirely different chart of accounts now granted most of them were a mess and we had to clean them up and we had to get them to standards but theyre not they dont all look the same however theres a specific set of standards in which they do have to follow a specific structure and thats what were gonna be talking about today also were gonna do some examples using QuickBooks because I actually have a chart of accounts th