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Your business model may require a different setup. read on to learn about the importance of a chart of accounts and how to create one to keep track of your business’ s accounts. the chart of accounts 1 three- digit account code structure 704 2 five- digit account code 3 seven- digit account code structure 707 structure 706 this appendix describes the types of account chart of accounts sample pdf numbering formats that can be used to con- struct a chart of accounts and also lists sample charts of accounts that use each of the formats. for a more customized chart of accounts please contact a tax professional. this is a sample chart of accounts only. each time you add or remove an account from your business, it’ s important to record it in your books. most accounting software has a set chart of accounts ( coa) when it is set up. during setup, some of the more advanced software includes choosing your business type and adding additional codes. the chart of accounts ( coa) helps you do just that.
pdf a company has the flexibility to tailor its chart of accounts to best suit its needs, including adding accounts as needed. a chart of accounts is a listing of the names of the accounts that a company has identified and made available for recording pdf transactions in its general ledger. below are some examples of accounts that your small business may use.
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