coa accounting

COA accounting (Chart of Accounts) is a structured listing of all the accounts used by a business to categorize its financial transactions. It serves as the foundation for organizing financial data in accounting software or systems. The Chart of Accounts typically includes categories such as assets, liabilities, equity, revenue, and expenses, each with individual accounts for tracking specific financial activities. A well-organized COA helps businesses manage financial reporting, ensure accurate bookkeeping, and maintain compliance with accounting standards, providing clear insights into a company's financial health and performance.