Accounts WorkingPoint sets up for you

WorkingPoint comes with a predefined chart of accounts for you to get you started, including protected accounts (protected) that ensure your transactions are recorded correctly and required accounts (required) that have been preselected in your default account preferences in Settings.

Account	Account Type
Checking Account	Bank Account
PayPal	Bank Account (protected)
Petty Cash	Bank Account
Savings Account	Bank Account
Accounts Receivable	Accounts Receivable (protected)
Inventory Asset	Inventory Asset (protected)
Accumulated Depreciation	Fixed Asset
Automobiles & Trucks	Fixed Asset
Equipment	Fixed Asset
Accounts Payable	Accounts Payable (protected)
Credit Card Payable	Credit Card Liability
Customer Credits	Other Current Liability (protected)
Sales Tax Payable	Other Current Liability (required)
Opening Balance Equity	Equity
Owner's Equity	Equity
Owner's Equity:Owner's Draw	Equity
Owner's Equity:Owner's Investment	Equity
Revenue	Revenue
Revenue:Product Sales	Revenue
Revenue:Sales Discounts	Revenue (required)
Revenue:Shipping	Revenue (required)
Cost of Goods Sold	Cost of Goods Sold (protected)
Cost of Sales	Cost of Sales
Cost of Sales:Labor	Cost of Sales
Cost of Sales:Materials and Supplies	Cost of Sales
Cost of Sales:Shipping	Cost of Sales
Bank Service Charges	Expense
Car & Truck	Expense
Charitable Contributions	Expense
Depreciation Expense	Expense
Dues and Subscriptions	Expense
Insurance	Expense
Licenses, Permits & Fees	Expense
Marketing & Advertising	Expense
Merchant Fees	Expense (protected)
Office Supplies	Expense
Professional Fees	Expense
Rent or Lease	Expense
Repairs and Maintenance	Expense
Travel, Meals and Entertainment	Expense
Travel, Meals and Entertainment:Travel	Expense
Travel, Meals and Entertainment:Deductible Meals and Entertainment	Expense
Utilities	Expense
Other Income	Other Income (protected)
Other Expense	Other Expense (protected)