Accounting

    Chart of accounts

    The list of categories a business uses to classify every transaction.

    Definition

    Standard categories: revenue (by service type), COGS (parts, subs), overhead (rent, insurance, software), payroll. A clean chart makes monthly P&L meaningful.

    Related terms

    Profit & loss (P&L)

    A statement summarizing revenue minus expenses over a period.

    COGS (Cost of Goods Sold)

    Direct costs of producing the goods or services you sold.

    Overhead

    Indirect costs of running the business — rent, insurance, software, admin pay.