Chart of Accounts
Definition
A Chart of Accounts (CoA) is a structured list of financial accounts used to categorize and record a hotel’s transactions, including revenue, expenses, assets, liabilities, and equity. In hospitality, the Chart of Accounts may be organized according to hotel departments and reporting requirements, including USALI-based structures. A well-defined Chart of Accounts supports consistent financial reporting, accurate data classification, and meaningful performance comparisons across properties.
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