Unless you are launching an edtech product that is focused on accounting, it's highly likely that you have something to learn about what it means to create and maintain a solid Chart of Accounts (CoA). Even as a more seasoned edtech entrepreneur, whether you are providing a product or a service - its important to make sure you are being consistent in your approach, especially if your organization is expanding or you need to know what the real financials are for a potential investment.
In this session, participants will:
Explore what assets, liabilities, revenues, and expenses - and their sub-items - should be included in a CoA
Discuss the six basic types of accounts
Examine what a proper balance sheet and income statement may look like
outline the order items in your CoA should be placed in
Identify best practices for maintaining your CoA over time
Evaluate the drivers which influence your Chart of Accounts