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Three digit chart of accounts

Accounting Tools

This type of account range format is also required by the report writing module in many accounting software packages. When a company increases in size and wants to track information for individual subsidiaries or departments, it should instead adopt a 5-digit or 7-digit chart of accounts.

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Chart of accounts definition

Accounting Tools

Related Courses Bookkeeping Guidebook New Controller Guidebook What is the Chart of Accounts? The chart of accounts is a listing of all accounts used in the general ledger of an organization. The chart is used by the accounting software to aggregate information into an entity's financial statements.