Chart of accounts
Also written as coa.
Definition
The organized list of every account a business uses to classify transactions. Ledg ships with a 1-person corp default that maps to GIFI.
Related terms
GIFI
General Index of Financial Information. CRA's standardized chart of accounts codes used in the T2 return. Ledg maps your accounts to GIFI automatically.
Ledger
The committed transaction history for your corporation, viewed at /dashboard/transactions. Commits are reversed with a new entry, not deleted.