Chart of Accounts: Definition, Setup & Examples
The accounts in the income statement comprise revenues and expenses, and these accounts are also broken down further into sub-categories. FreshBooks will help you stay organized with a user-friendly interface that keeps things simple. You may also wish to break down your business’ COA according to product line, company division, or business function, depending on your unique needs. The chart of accounts is a tool that lists all the financial accounts included in the financial statements of a company....