A chart of accounts lists all of the account names ... account a unique but short name and description, such as “payroll tax expenses” or “sales returns and allowances.” ...

Payroll is often one of the biggest expenses of a business. Payroll can be complex, with deductions, tax expenses and benefits. Payroll work is detailed and visible to all employees in a firm.

All this information is placed in financial journal entries to get an overview of payroll expenses and details about each transaction, such as date of compensation, compensation amount and where ...

Investopedia / Ellen Lindner A chart of ... are followed by accounts in the income statement. These primary accounts of assets, liabilities, shareholders' equity, revenue, and expenses can then ...

The chart of accounts is the ... net assets, revenues, expenses, and transfers. The program code identifies a function and enables the University to classify transactions across orgs and accounts.