A Detailed Chart of Accounts (DCOA) is an organized listing of all the accounts used in accounting to track a company’s finances. It includes a comprehensive list of account numbers and titles, so that financial transactions can be properly classified and easily tracked. Usually, it will include accounts for revenues and expenses, assets and liabilities, and equity. Companies use a DCOA for financial reporting, auditing, taxes, budgeting, and other financial functions. By utilizing a DCOA, businesses can get a better grasp of their finances by having a detailed overview of where the money is coming from and where it is going. This helps them quickly identify areas that need attention and develop solutions to keep the business afloat.