# GL mappings

Bunny needs to understand a minimum set of financial accounts in order to perform accrual accounting. Your Bunny instance is created with a set of default financial accounts that you can either customize to match what's in your accounting app of choice, or your can import your chart of accounts from QuickBooks or Xero using Bunny's plugins.

The default financial accounts are:

* Recognized revenue&#x20;
* Deferred revenue
* Payments
* Conversion gain
* Conversion loss
* Bank fees
* Customer cash clearing
* Accounts receivables
* Tax payable

As invoices are generated, payments are made etc, Bunny will automatically create journal entries with debits and credits, which can be synchronized QuickBooks, Xero or another accounting application.

Your Bunny instance will be preconfigured with these 11 financial accounts, which you can override by manually editing them or by importing the chart of accounts from your accounting application.
