Chart of Accounts

A Chart of Accounts (COA) is an organized listing of every account in an organization’s general ledger. Each account represents a specific classification of financial transactions, such as assets, liabilities, income, and expenses. In nonprofit accounting, the COA is tailored to track funds, programs, grants, and donor-restricted resources, ensuring compliance with reporting requirements. The structure and numbering of the COA provide clarity and consistency in recording and reporting financial data, supporting both day-to-day bookkeeping and annual audits. A well-designed COA allows nonprofits to easily produce financial statements, monitor budgets, and maintain transparency for stakeholders and regulatory agencies.