Smaller businesses start with 100, while larger businesses and corporations generally use 1000 as their starting account numbers. Create an entry for each account created in Step 1.

After each ledger division has been assigned its code family number, you must create sub-account numbers for each account within a division. It is common for sub-account numbers to be assigned in ...

The due to account—also referred to as the accounts payable—is a liability account found in the general ledger that indicates the amount of funds owed to another entity. Businesses use the due ...