Chart of accounts

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.

The QuickBooks Chart of Accounts is very customizable. The chart of accounts should be modified to meet the needs of your business and we will show you how.

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.

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

General ledger accounts are the place where all financial transactions of a business are categorized. Each account has a ledger showing details of money received or spent.