Chart of Accounts Policy

The three sample policies included in this tool establish standards for governing the handling of all of an organization’s financial transactions.

Procedures include: all requests for modifications to the chart of accounts (adding, editing or deleting an account) must be approved by the corporate controller using the chart of account change form; access to modify the chart of accounts should be restricted to the accounting manager; and the accounting department should review the trial balance at least quarterly to ensure that the chart of accounts is mapped to the appropriate financial statement line item.