Chart of accounts

A chart of accounts (COA) is an organizational tool that provides a complete listing of every financial account (category) in the general ledger of a company, broken down into subcategories.

It is used to create visibility into a companyโ€™s financial health for business leaders, boards, shareholders and/or investors.

To make it easier for readers to locate specific accounts, each chart of accounts typically contains a name, brief description, and a number.

Source: Investopedia

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