Develop The Chart Of Accounts For Your Small Business
ContentThe Main Focus Points When Analyzing A Balance SheetSeven Steps To Building The Perfect Chart Of AccountsFile Your Tax ReturnsComponents Of The Accounting SystemAccount TypesDebits And Credits Vs Account Types The French generally accepted accounting principles chart of accounts layout is used in France, Belgium, Spain and many francophone countries. The use of the French GAAP chart of accounts layout is stated in French law. As you will see, the first digit might signify if the account is an asset, liability, etc. For example, if the first digit is a "1" it is an asset. If the first digit is a "5" it is an operating expense. Entry level software with robust COA functionality can be made to work for many years.Note that a chart of accounts does not have…