A chart of accounts is a listing of all the financial accounts used to record a company’s transactions in its general ledger. The chart of accounts is used by the accounting software to aggregate information into an entity’s financial statements. For a manufacturing company, the chart of accounts can provide detailed insights into manufacturing costs, administrative expenses, and profitability. It consists of different types of accounts that are organized by type, such as assets, liabilities, equity, revenue, and expenses. It can be customized to reflect a company’s unique business operations and their corresponding financial activities. By optimizing a chart of accounts for a manufacturing company, managers can track the cost of producing goods, analyze product lines for profitability, and identify areas for improvement.