chart of accounts Archives - Print & Promo Marketing

Understanding Numbering in a Chart of Accounts

October 1, 2021May 8, 2024 Harriet Gatter

Ask the Accountant… Question: Do I need account numbers in addition to account names? If so, are there particular numbers? Answer: I like using account numbers with account names for accounts in the chart of accounts (COA) because it makes it easier to distinguish one account from another more readily, as some account names are…

What Is a Chart of Accounts?

September 17, 2021May 8, 2024 Harriet Gatter

A chart of accounts is a list of financial accounts set up in a company to record financial transactions. Accounts fall into six general categories. When your financial transactions are recorded into your accounting system, they are assigned or recorded into the appropriate categories…