There are a host of trade-offs to consider; your COA can be configured in a number of different ways depending on your particular business, so you need to put careful thought into setting it up appropriately.

This guide includes expert advice from seasoned accountants and examines 3 key focus areas to guide you in creating an effective COA that will form a solid foundation for your business accounting requirements.

The guide covers:

• Understanding the Basics: Learn what the purpose of your chart of accounts is and why it's critical to managing your finances. 

• Building a Plan: Get the fundamentals to build your own successful chart of accounts. 

• Avoiding Common Mistakes: Pointers for avoiding the pitfalls and mistakes that can hinder your plan.

Also includes a downloadable CSV template!