Transaction Detail by Account
Chart of Accounts gives a quick look at your account categories and their total value. It's a great way to look up the total amounts of your key categories such as inventory amount, accounts payable total owed and most important how much cash you have on hand. It's also a best practice to map your chart of accounts to your tax line.
iC maintains the chart of accounts so that business owners can at a glance know where their money is coming from and where it is being spent. And maps each account to the appropriate tax line to make filing your returns easier.