Define Chart of Accounts
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A chart of accounts (COA) is an index of all the financial accounts in the general ledger of a company. In short, it is an organizational tool that provides a digestible breakdown of all the financial transactions that a company conducted during a specific accounting period, broken down into subcategories.
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Chart of Accounts
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The chart of accounts in SAP is a list of GL accounts maste records that are used by the organization. The mater chart of accouns must be assigned to each company coe. Cart of Accounts is defined at the client level.
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