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creating a chart of accounts in Excel is a fairly simple process a chart of accounts is a list of all the accounts used by a company to record Financial transactions here are the steps to create a chart of accounts in Excel One open a new Excel worksheet and create a table with four columns account name account type account number and description two in the account name column enter the names of the accounts you want to include in your chart of accounts such as cash accounts receivable inventory accounts payable rent expense and so on three in the account type column classify each account ing to its nature some examples of account types include assets liability equity income and expense four in the account number column assign a unique number to each account this number can be used to sort the accounts and make them easier to find the numbering system should follow a logical order such as grouping accounts of the same type together five in the description column provide a brief explana
