Charts of accounts

Every business needs to have a list of chart accounts. With that, if you still don't have one, here are some examples you can take into consideration in terms of your business accounting! #chartsofaccounts #accounts #business

The chart of accounts is a list of every account in the general ledger of an accounting system and is used to record transactions in the fiscal year.

Using a restaurant industry standard chart of accounts is one of the smartest things an independent operator can do. An industry standard chart of accounts will give you financial information in a much more useful format and enable you to compare your P&L numbers with other restaurants. Also included is a detailed Cost Coding Guide that will help you determine where nearly every type of cost you incur should be charged.

This free sample chart of accounts template can be used by a business to produce and develop its own chart of accounts. Free Excel spreadsheet download.

Learn about the Chart of Accounts 👇 What is the Chart of Accounts? The Chart of Accounts is a list of your General Ledger (GL Accounts) that make up your… | 32 comments on LinkedIn

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Chart of Accounts