Even though we are trying to keep accounting jargon to a minimum, it is a good idea to be on talking terms with your accountant! And, in order to talk to the accountants, you need to speak their lingo, right? Oh no, not all of it, just enough to get across what you want to get done. So, it is good to know that whatever GnuCash calls the 'account hierarchy', the Accountants call the 'Chart of Accounts'.
If your accountant has GnuCash, you can send a copy of the MACS file that we created earlier. They can open this in their GnuCash application and review.
What if your accountant doesn't have GnuCash?
You can still send it in one of the popular spreadsheet formats such as Microsoft Excel or OpenOffice.org Calc. How ...