Bite-sized how-to: Remapping your chart of accounts
Creating consolidated financial reports using spreadsheets for multi entity businesses is a real pain point. Time consuming and potentially error prone, these issues are made all the more pertinent when working with a non-standardised chart of accounts.
With Joiin, no longer will you have the stress at month-end of trying to match your chart of accounts across your business units. Simply create a Joiin custom report template to homogenise your chart of accounts and use it month-on-month at the click of a button.
Let’s take a look at how this works.
But first, what is a chart of accounts?
A chart of accounts (COA) is an index of the financial accounts in a company’s general ledger, broken down into sub categories to provide an insight into a company’s finances.