MichaelRoyHot

I'm evaluating Express Accounts as a platform to use for a business we are starting. It is real estate wholesaling which is a pretty simple chart of accounts. When I am setting up the chart of accounts, it is asking me to complete a linked account table. The issue is that we won't have AP, AR, freight receipts or payments, or sales tax payable, etc. Do I have to create accounts I will not be using or can I leave those linked account lines blank? Is there any issue with that other than not being able to create customer invoices or vender purchases? Michael

I'm evaluating NCH as a possible accounting platform for a business we are starting. In entering some sample transactions, I notice that retained earnings on the balance sheet responds to net profit or loss from the income statement, but does not respond to owner distributions. If I distribute period profit to owners, I expect retained earnings to decrease. Is there a setup item needed here? Michael