Group chart of accounts

Why does it matter in a group?

Companies name their accounts in their own way, and their systems differ. The group chart is the common language. Each company’s accounts are matched to it once, and from then on figures from every company add up line by line, whatever system they came from. A new account in any company needs a decision before the next close. Without a group chart, the group report is rebuilt by hand every month. See also the trial balanceTrial balanceA list of every account balance at a date, with total debits equal to total credits. It is the starting point for consolidating a company's figures.Open the glossary entry each company supplies.

A small example

Zenvara’s “Service income”, Fernhollow’s “Sales” and Palmridge’s “Room and food revenue” all match the group line Revenue. In September 2026 they add up to GBP 625,000 plus 346,840 plus 972,000, which is GBP 1,943,840 before eliminations.