The Chart of Accounts Report provides a comprehensive listing of all financial accounts used within your organization, organized systematically to assist in accounting, reporting, and financial analysis.
This report is useful for reviewing and managing your accounts to ensure accurate financial record-keeping and streamline the accounting process.
How to Run the Chart of Accounts Report:
Navigate to the Reports page.
Click on the Accounting category.
Select Chart of Accounts from the list of available reports.
Set your desired parameter:
Company: By default, this is set to All Companies. You may select a specific company if you wish to view accounts relevant only to that entity.
Click Run to generate the report.
Report Contents:
The report includes the following columns:
Account No: The unique numerical identifier for the account, if applicable.
Account Name: The name of the account.
Account Category: Classification indicating the nature of the account (Asset, Liability, Equity, Revenue, or Expense).
Account Type: The type of the account, for example Bank, Accoutns Receivable, Current Assets, etc.
Purpose of the Chart of Accounts Report:
The Chart of Accounts Report is essential for:
Reviewing your organization's financial structure.
Ensuring consistency and accuracy in financial reporting.
Facilitating auditing processes.
Supporting informed financial decision-making.
