Increase productivity

A chart of accounts with less accounts, means less decisions, making it easier for the Bookbot to help you!

10% less accounts can increase productivity by 100% ! :-)

For example,  Expenses, instead of having accounts:

Gasoline
Maintenance

You could only have:

Transportation

And control granular details with hashtags:

#gasoline
#maintence

You could go even further, replacing all expenses accounts by:

Fixed Expenses
Variable Expenses

Of course all te above works int he same way for revenue accounts. 

For real accounts, on your balance sheets, you only need one account for each unique Asset or Liability. And you never need to create real accounts per periods or dates just for reporting purposes. 

Normally less accounts, means to lose a little bit of control, but to Gain a lot on Productivity! Key is to find the right balance between both!

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