Often when a company gets started, the accountant creates a simple chart of accounts to track income and expenses. Additional detail is captured to prepare the tax return and financial statements. But something happens as time passes. More and more accounts are created to track more and more expenses. There are several reasons why this
See also: Complex COA Number for SGA Expenses Standard Chart of Accounts Problem in Chart of Accounts Design Chart of Accounts (COA) Generally Accepted Accounting Principles Chart of Accounts Example for SG&A Expenses An example of a complex chart of accounts for selling, general and administrative expenses organized by related categories versus a simple chart
JOIN THE NEXT STRATEGIC CFO™ WORKSHOP SERIES
Strategic CFO™ Financial Leadership Workshop
The Art Of The CFO®
April 14-17th, 2025
CONNECT WITH STRATEGIC CFO™
