Chart of Accounts Structure is the way in which a business organizes its financial data. It provides an outline that identifies the accounts and how their activity is recorded. In essence, it’s a way for a company to keep track of its income and expenses, as well as its assets and liabilities. A Chart of Accounts Structure helps businesses to make informed decisions by providing them with a detailed view of their financial performance. By accurately capturing information about transactions, businesses can quickly identify where improvements could be made, and set actionable goals for better financial health.