Chart of Accounts Education and Training

Train to use a bookkeeping chart of accounts in your business

By Terri Deno
A chart of account refers to a list of accounts, each of which is assigned a unique number. This number is used to organize financial information in a master ledger of accounts. A chart of accounts can track all kinds of business information, including expenses, revenues, assets and liabilities. A business chart of accounts can be managed on paper or through software programs made specifically for accounting chart of accounts.

Standard chart of accounts training can be found through many resources. Some offer a sample, so you can get an idea of what your businesses chart of account would look like. You can find many chart of accounts education and training options through:

1. Business resources that offer a sample chart of accounts.

2. Instructional tutorials that go through the process step by step.

3. Training guides that take you through chart of accounting.

 

Explore business resources that show you examples of chart of accounts

To learn about chart of accounts, many accountants and bookkeepers need to see an example. Online business resources can provide an overview of the chart of accounts process, as well as sample chart of accounts that can get bookkeepers started using their own system for business.
Try: The NetMBA Business Knowledge Center offers an outline of the chart of accounts process, complete with a sample chart of accounts. AccountingCoach provides similar samples, as well as a question and answer section that provides addition information on the topic.

Consider using tutorials to learn charts of accounts

If you want to have a step by step instruction guide to creating charts of accounts, consider using tutorials. These tutorials put this accounting practice in easy to understand language with plenty of examples to show you how different labeling and organization systems work.
Try: College-Cram.com provides a free tutorial that teaches the basics of chart of accounts and how to set one up. MiddleCity offers an accounting tutorial for businesses, which includes how to set up a chart of accounts.

Learn how to create standard chart of accounts with online training tools

Many businesses that use chart of accounts also provide employees with online access to training guides and tools that help them create charts of accounts. Most can be accessed for free and are another way to get detailed directions on organizing a chart of accounts for any type of business.
Try: The University of Vermont offers a training guide on the use of the PeopleSoft program for making a chart of accounts. Virginia State University offers many training opportunities for learning chart of accounts, including a PowerPoint presentation and training supplements.


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