We’re fluent in startup finance. Now you can be too.

Learn more about common financial (and startup) terms here. To learn more about Pilot, fill out the form below.

Oops! Something went wrong while submitting the form.
Chart of accounts

What is a chart of accounts?

A "chart of accounts" is a structured list of all the accounts used by a business to track its financial transactions and to prepare financial statements. It serves as the backbone of a company's accounting system, categorizing transactions into different buckets for clear and easy financial reporting.

The chart of accounts includes asset accounts (like cash and accounts receivable), liability accounts (such as accounts payable and loans), equity accounts, revenue accounts, and expense accounts. It provides a systematic and consistent approach to recording, tracking, and reporting all financial transactions. A well-structured chart of accounts can provide insightful financial data and help businesses make informed financial decisions.

Need help with other finance or startup questions?

Pilot provides bookkeeping, CFO, and tax services for literally thousands of startups and growing businesses. We've successfully processed over 10 million transactions for our customers and have unparalleled expertise when it comes to helping businesses succeed.

We're the largest startup-focused accounting firm in the United States, and we'd love to help you. To talk to an expert on our team and find out what Pilot can do for you, please click "Talk to an Expert" below, or email us at info@pilot.com.

See what Pilot can do for you

Get the peace of mind that comes from partnering with our experienced finance team.

Oops! Something went wrong while submitting the form.