SoftGuide > Functions / Modules Designation > Chart of accounts

Chart of accounts

What is meant by Chart of accounts?

A "chart of accounts" is a structured list of accounts used to organize and classify financial transactions within a company. It serves as a framework for accounting and enables consistent and systematic recording and management of business transactions. A chart of accounts consists of a hierarchy of account numbers and descriptions, organized according to the nature of transactions, account groups, and the company's structure. Typically, a chart of accounts includes accounts for assets, liabilities, equity, income, and expenses.

Typical features of software in the "chart of accounts" area may include:

  1. Predefined account frameworks: Provision of predefined account frameworks according to applicable accounting regulations and standards such as DATEV, SKR (standard chart of accounts), or IKR (industrial chart of accounts).

  2. Customizable account structures: Ability to customize the account structure based on specific requirements and company structure, and to add, edit, or delete individual accounts.

  3. Account descriptions and categories: Providing descriptions and categories for each account to clearly define and document the meanings and purposes of the accounts.

  4. Hierarchical organization: Structuring the accounts in a hierarchical order that represents the relationship and subordination between different accounts, such as using main accounts and sub-accounts.

  5. Import and export of chart of accounts: Ability to import and export chart of accounts in various file formats for easy transfer between different systems or use of external chart of accounts.

 

The function / module Chart of accounts belongs to:

Accounting

Account management
Account statements
Advance account
Apportionment definition
Balance carried forward
Book value changes
Book values and reconciliation accounts
Branch accounting
Cash balance
Cash box
Cash discount
Cash payment
Chart of accounts
Clearing account
Custodial account
Daily closing
Debit/credit posting entry
Deposit accounting
DEÜV notifications
Document number assignment
Domestic and international travel
Donation receipts
Down payment management
DSD / ARA accounting
garnishments, loans, pension schemes
Merchandise reimbursement
Missing amount controls
Posting texts
Posting transactions
Private share calculation
Processing travel expenses
Recurring entries
Recurring payments
Recurring postings
Representative accounting
Reverse postings
Series account assignment
Shadow book
Split postings
Stacking interfaces (Bufü)
surplus revenue statement
Travel expense flat rates
Various accounting methods
VV-Account

Software solutions with function or module Chart of accounts:

OTEC -- ERP / PPS Software for Surface Finishing Technologies
Technical Wholesale
WEST System©