Chart of Accounts

The Chart of Accounts (COA) is the structural foundation of your entire financial system. It provides a categorized, hierarchical listing of every account in your General Ledger, ensuring that all financial transactions are recorded in a logical, standardized manner.

Agora uses a classic numbered account hierarchy following international accounting conventions. This allows for deep categorization while maintaining high-level summary reporting.

Standard Account Ranges:

The dashboard displays your accounts in a visual tree structure, showing clear parent-child relationships and current account balances at a glance.

To add a new ledger account:

1. Navigate to Accounting → Chart of Accounts and click Create.
2. Assign an Account Number that fits within your existing hierarchy.
3. Define the Account Name and its core Account Type (Asset, Liability, etc.).
4. Select a Parent Account if this is a sub-account (e.g., nesting "Internet Expense" under "Utility Expenses").
5. Define the Normal Balance expectation (Debit or Credit).

• Granular Expense Tracking: Creating specific 6xxx sub-accounts for "Facebook Ads" and "Google Ads" nested under a parent "Marketing Expense" account to analyze ad spend ROI.
• Bank Account Segregation: Setting up distinct 1xxx Asset accounts for your "Operating Checking Account" and "Payroll Reserve Account" to mirror your actual banking structure.
• Tax Liability Segmentation: Creating separate 2xxx Liability accounts for State Sales Tax, City Tax, and Federal Withholding to simplify quarterly tax reporting.

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Build a rock-solid financial foundation with Agora's hierarchical Chart of Accounts.