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The accounts list should be set up to provide a basic overview of your business’s overall performance. For example, a car dealership might set up their accounts to distinguish new and used car sales from service and parts income. The following income accounts could be used:
When entering a transaction, the transaction amount is allocated to an appropriate account. A standard profit and loss statement can then be printed for the business to show income and expenses generated by the business. However, at this level, it is difficult to see how well particular models are selling. Categories can manage this.
You can set up your accounts using the Easy Setup Assistant or in the Accounts command centre (see Setting up accounts).

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