What is a chart of accounts?
In a Chart of accounts Are all standing sub-accountsthat you go to Systematize your accounting requires. With your tax advisor, you first agree on a Chart of accounts, which you can then use to create a chart of accounts. In it, you change the account numbers and names so that they are clear and suitable for you. A chart of accounts is therefore a smaller account frame tailored to your company.
typical Account classes A framework of accounts consists of fixed assets, current assets, debt and equity as well as income from Operating income and Operating expenses, i.e. expenses.
The Chart of accounts Pretend to you how the numbers for a subaccount is to be forgiven. The four digits stand for Account class, the account group, the account subgroup and a specific Individual account. Specifically, for example, a capital account with the machines account group, the account subgroup refers to vehicles and the last digit a specific tractor, or the office equipment account group with the electronics subgroup and the individual account for a PC.
The advantage is the individual tailoring to your company for optimal clarity, which you must also ensure for your tax office.
