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chart-of-accounts

Design C-corporation Chart of Accounts structures under US GAAP and Form 1120.

Updated Mar 13, 2026
Search Tags:#chart of accounts#coa#form 1120#c-corp#book-tax differences#us gaap
One-click install
npx skills add https://github.com/AeyeOps/aeo-basis-plugin-marketplace --skill chart-of-accounts
Or copy as Structured Prompt for Agent▼
Please help me install this Agent Skill.
Skill: chart-of-accounts
Source: https://github.com/AeyeOps/aeo-basis-plugin-marketplace/tree/main/plugins/accounting-foundation/skills/chart-of-accounts
Command: npx skills add https://github.com/AeyeOps/aeo-basis-plugin-marketplace --skill chart-of-accounts

SYSTEM DOCUMENTATION & REQUIREMENTS

💡 This Skill includes references (resource) components.

What problem does it solve?

This Skill provides a structured approach to designing and implementing a Chart of Accounts (COA) for C-corporations, ensuring compliance with US GAAP and Form 1120 tax reporting requirements.

Core Features & Use Cases

  • COA Design Principles: Offers guidance on account type taxonomy, numbering conventions, and hierarchical structure.
  • Tax-Line Mapping: Details how to map GL accounts to specific Form 1120 lines.
  • Book-Tax Difference Analysis: Explains common differences and how to account for them.
  • Use Case: When setting up accounting for a new C-corp, use this Skill to define a robust COA that aligns with both financial reporting and tax compliance needs.

Quick Start

Use the chart-of-accounts skill to generate a standard 4-digit numbering convention for C-corp assets.

Frequently Asked Questions about chart-of-accounts

High-intent search queries and answers about installing and using this skill.

FAQPage Schema
How do I structure a chart of accounts for a C-corp under US GAAP?▼

To design a chart of accounts for a C-corp, you need to establish an account type taxonomy, standard 4-digit numbering conventions, and a hierarchical structure that aligns with US GAAP financial reporting requirements.

How do I map my general ledger accounts to Form 1120 tax lines?▼

Mapping general ledger accounts to Form 1120 tax lines involves assigning your structured chart of accounts to specific tax reporting lines to ensure accurate C-corporation tax compliance and reporting.

What are common book-tax differences for a C-corporation and how do I account for them?▼

Common book-tax differences arise from varying US GAAP and IRS tax treatment. You account for them by analyzing these discrepancies and structuring your chart of accounts to track the necessary adjustments.

Does this chart of accounts structure include guidance for ERPNext implementation?▼

Yes, the chart of accounts design includes detailed reference materials specifically covering ERPNext implementation to help you set up and manage your C-corp accounts within that system.

What is the standard numbering convention used for C-corp asset accounts?▼

The standard numbering convention for C-corp asset accounts uses a 4-digit numbering structure, providing a hierarchical taxonomy to organize financial reporting under US GAAP.

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