The chart of accounts is a system for gathering financial information for the preparation of financial statements . To provide an adequate accounting system, it is important to have a flexible and structured chart of accounts in such a way as to provide the manager with the information necessary for decision-making.

As the chart of accounts finds its logical outcome in the financial statements . However, it is obvious that each company will have to adjust the models to its own needs. To achieve this, therefore, the general ledger accounts must be conveniently arranged and grouped. Accounts are therefore divided into two main classes:

  • a) the financial structure accounts (balance sheet): Assets, Liabilities and Shareholders' equity;
  • b) the operating accounts (results): Income and Expenditure.

The list of accounts in the chart of accounts that we provide is indicative. You must therefore adapt it to the needs of your company.

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