1) Under the Account Type column, determine which label the account should have: ...

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Accounting

1) Under the Account Type column, determine which label the account should have:
Asset
Liability
Equity
Revenue
Expense
2) Then, fill in the account number according to its type using a four-digit number. (For
example, cash would be 1001). Traditionally, accounts are mapped as follows:
Assets starting with 1XXX
Liabilities starting with 2XXX
Equity starting with 3XXX
Revenue starting with 4XXX
Expenses starting with 5XXX

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