How to create level 5 Chart of Account

This was extremely many levels. Is this really neccesssary? However it is possible to set it up under Accounts Groups.
Create or use a first level group (no paret group), Create the level 2 group (let first level group be parent). Create the level 3 group ( let the second level group be parent). And so on until you have your level 5 group.

When you are updating/creating your accounts set them to belong to the correct level group.

/Joe