indigoai-us/hq-packages/chart-of-accounts

Chart of accounts

The chart of accounts is the set of account entities a company's journal entries post to. Each account has a type (asset / liability / equity / income / expense) and a normal balance (the side that increases it).

Account shape

An account entity carries:

Normal balance by type: assets and expenses are debit-normal; income, liabilities, and equity are credit-normal. The default follows the type; override normalBalance only for a contra account (e.g. Accumulated Depreciation, an asset with a credit normal balance).

Setting up

1. Start from the `default-chart-of-accounts` knowledge template — a

conventional starter set (Cash, Accounts Receivable, Accounts Payable, Sales / Income, COGS, common expenses, Owner's Equity, Retained Earnings) with codes.

1. Create one account entity per line the company needs, dropping or adding to

fit the business.

1. Opening balances are posted as a single **balanced opening journal

entry** (debit each asset's opening balance, credit liabilities/equity), not as free-floating per-account numbers — that keeps the trial balance and balance sheet tied out from day one.

Notes

• Entity ids are deterministic: sha256("account:" + canonical_name). Renaming

an account creates a new entity — pick names deliberately.

• Accounts double as the targets the `acct-import` account map resolves to,

so name them the way you'll categorize transactions.