>A company using double entry (as opposed to single) has a "chart of accounts." This means they have a bunch of imaginary accounts for tracking everything, incl

>A company using double entry (as opposed to single) has a "chart of accounts." This means they have a bunch of imaginary accounts for tracking everything, including: - Expenses (e.g. team lunch or a flight cost) - Liabilities (e.g. loans) - Equity (e.g. investments in the company from outside parties) - Assets (e.g. cash on hand.) Not sure why you didn't complete your list by adding "Income".