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A chart of accounts is essential for managing financial accounts for your business. It includes every type of financial account, and it is crucial for tracking expenses and organizing financial transactions. In this tutorial, you will learn how to set up a chart of accounts for property management and rentals, with specific tips and examples provided. It is recommended to watch the video for a better understanding of how to use it effectively. You can also download a free chart of accounts template from the link in the description.