Day: January 27, 2023

Chart of Accounts COA: A Simple Guide With Examples

The COA is usually hierarchical, with accounts organized in categories and subcategories. These categories include assets, liabilities, equity, revenue, and expenses. Each account within the COA is typically https://www.simple-accounting.org/ assigned a unique identifier, usually a numerical code (see examples below), to facilitate data entry and reporting. A chart of accounts operates in a manner similar