# Chart of Account (CoA)

Chart of Account is a tree structure master which allows user to define parent and child relationship between accounts. Also there are various account types (like Income a/c, Expense a/c, Bank a/c, Tax a/c etc.) which helps you segregate and filter out other accounts while creating transactions.

<figure><img src="/files/DJQmcWzu3npzEfYI4dBx" alt=""><figcaption></figcaption></figure>

{% embed url="<https://youtu.be/AcfMCT7wLLo>" %}

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This tutorial walks you through setting up Accounts in the Chart of Account master. This is the most crucial master for getting your financial statement and other accounting reports correct.
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### Create New Account (CoA)

1. Open **Finance Administration Workspace** Select **Chart of Account** Doctype, or find it with Search Bar&#x20;

<figure><img src="/files/yONGEjlshkwtwBsGoxOg" alt=""><figcaption></figcaption></figure>

2. Select **Tree** View&#x20;

<figure><img src="/files/JfWdBUYlPsifbTgoMILl" alt=""><figcaption></figcaption></figure>

3. Add Child for Parent Account&#x20;

<figure><img src="/files/keGm5F0FcSe2e7lwILui" alt=""><figcaption></figcaption></figure>

4. Fill Account Name and Account Number (should continue the last number if same type account is exist)
5. Create New&#x20;

<figure><img src="/files/OUOTmhh9C9F9yBjg8qHB" alt=""><figcaption></figcaption></figure>

It will automatically added as child of parent account&#x20;

<figure><img src="/files/q3Y2cwezZdRNM7453VZ8" alt=""><figcaption></figcaption></figure>


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