# The chart of accounts

> Around 65 accounts seeded for your entity type and industry, with system accounts you should not delete.

Section: Accounting and the general ledger · Canonical: https://intubu.intuitivecapital-dai.com/docs/chart-of-accounts

Accounting → Chart of accounts.

A new company gets roughly 65 accounts chosen for its entity type and industry. An S-corp gets Common Stock and Shareholder Distributions; a sole proprietorship gets Owner's Equity and Owner's Draw.

**System accounts** — Accounts Receivable, Accounts Payable, Inventory Asset, Undeposited Funds, Sales Tax Payable and others — are wired into the posting engine. They can be renamed but not deleted, because documents post to them by role.

**Sub-accounts** nest under a parent for reporting.

**Making an account inactive** hides it from pickers while keeping its history intact. This is almost always what you want instead of deleting.