Bookkeeping

Chart of accounts

Also known as: COA

The chart of accounts is the organized list of every account a business uses to categorize its transactions.

Accounts fall into five types: assets, liabilities, equity, income, and expenses. The chart of accounts names them and gives each a number, forming the structure that every journal entry posts into.

A well-designed chart of accounts makes reports meaningful: group the right accounts and your Profit & Loss and Balance Sheet read clearly.

How comma handles it

comma ships a ready-made chart of accounts you can extend, with account types and codes that flow directly into live financial reports.

Make room for what's next

Clear books. A clearer head.

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