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Is chart of accounts usually a flat structure, or can it look more like a tree? I'm thinking of grouping similiar accounts together to see what's the balance on

Is chart of accounts usually a flat structure, or can it look more like a tree? I'm thinking of grouping similiar accounts together to see what's the balance on single ones vs the group.

meekaaku 4y ago
Its a tree. Eg: Expense - Salaries - Rent -- Warehouses -- Retail space - Utilities