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Chart of Accounts


Glossar

What is Chart of Accounts?

A chart of accounts is a foundational framework that delineates the organizational structure of legal entities, tax reporting, and cost centers within an organization. This essential tool provides a systematic classification of financial transactions, allowing for streamlined accounting and reporting processes. A strategically organized chart of accounts enhances the efficiency of financial management, ensuring clarity in legal entity structure, tax reporting obligations, and cost center allocation.

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