Benefits of a Clean Chart of Accounts (COA)
Your Chart of Accounts (COA) is the index of every line on your financial statements. When it’s clean, decisions get easier and tax prep gets faster.
Why maintenance matters
- Clarity: Names match reality (no duplicate or vague accounts).
- Comparability: Same categories month after month = trend insight.
- Tax readiness: Accounts map cleanly to tax lines.
Quick wins
- Merge or archive duplicate accounts
- Add account numbers for logical ordering
- Separate one‑time “Other Income/Expense” from operating lines
See how a COA works and the key features of a COA.
If your file is messy, start with a QuickBooks Cleanup, then keep it tidy with Monthly Bookkeeping.
