If you're new to Sunday, this video will take you step by step through creating your first invoice, recording purchases, tracking GST and BAS, and paying employees. It's a great primer and will get you off on the right foot.

The chart of accounts is the missing ingredient in cashbooks and spreadshseets.

Real accounting systems have double entry processing based on the chart of accounts, allowing transactions to be recorded to show what's really going on.

Watch this video to wrap your head around the key concepts and learn how the chart of accounts helps business owners to gain a deep understand of the performance of their business.