![]() But in general, your COA should follow some standard guidelines and numbering conventions.Ī chart of accounts is commonly numbered as follows: Every nonprofit organization has a unique COA that depends on your specific programs, revenue sources, and activities. The chart of accounts (or COA) is a numbered list that categorizes your financial activity into different accounts and subaccounts. When it comes to accounting, the first step is to create your chart of accounts. Whether you’re launching a brand-new nonprofit or just trying to get more organized, it can be hard to know where to begin.
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