How do you design a CoA for a growing business?

Intermediate

Answer

Keep it as simple as possible, use segments (account, department, cost centre) instead of hundreds of accounts, allow gaps in numbering for growth, and map to reporting needs.

Account-Department-CostCentre: 5000-SALES-NORTH

Real-world example Using a department segment lets you report profit per branch without new accounts.

All 5 Chart of Accounts Setup questions