> ## Documentation Index
> Fetch the complete documentation index at: https://docs.layerfi.com/llms.txt
> Use this file to discover all available pages before exploring further.

# Chart of Accounts object

The chart of accounts for the general ledger of a business on Layer’s platform.
A general ledger is automatically created when a [Business](/api-reference/business/business) is created via the [Create a Business](/api-reference/business/create) endpoint.

### Attributes

<ParamField body="type" type="string">
  Resource type. Value will be "Chart\_Of\_Accounts".
</ParamField>

<ParamField body="accounts" type="array of Ledger Accounts">
  Array of [Ledger Accounts](/api-reference/ledger/chart#ledger-account-object) within the Ledger with their entries and balances omitted.
</ParamField>

#### Ledger Account object

An account within the chart of accounts for the general ledger.

<ParamField body="id" type="string">
  Unique identifier of the ledger account.
</ParamField>

<ParamField body="name" type="string">
  Account name
</ParamField>

<ParamField body="accountStableName" type="string">
  Stable identifier for templated account.
</ParamField>

<ParamField body="description" type="string">
  Human readable description for this ledger account.
</ParamField>

<ParamField body="subAccounts" type="array of Ledger Account objects">
  An array of [Ledger Account](/api-reference/ledger/chart#ledger-account-object) objects representing child accounts of this ledger account.
</ParamField>

<ParamField body="balance" type="integer">
  Balance of the account, in cents.
</ParamField>

<ParamField body="normality" type="enum">
  Account balance normality.
  Values can be: `DEBIT`, `CREDIT`
</ParamField>

<ParamField body="account_type" required="true" type="enum">
  Type of the ledger account.
  Values can be: `ASSET`, `LIABILITY`, `EQUITY`, `REVENUE`, or `EXPENSE`
</ParamField>

<ParamField body="account_subtype" required="true" type="enum">
  Subtype of the ledger account.
  Values can be: `BANK_ACCOUNTS`, `ACCOUNTS_RECEIVABLE`, `INVENTORY`, `PAYMENT_PROCESSOR_CLEARING_ACCOUNT`, `FIXED_ASSET`, `ACCUMULATED_DEPRECIATION`, `CASH`, `UNDEPOSITED_FUNDS`, `CURRENT_ASSET`, `NON_CURRENT_ASSET`, `PREPAID_EXPENSES`, `DEVELOPMENT_COSTS`, `LOANS_RECEIVABLE`, `INTANGIBLE_ASSET`, `ACCOUNTS_PAYABLE`, `CREDIT_CARD`, `INCOME_TAXES_PAYABLE`, `SALES_TAXES_PAYABLE`, `OTHER_TAXES_PAYABLE`, `PAYROLL_TAXES_PAYABLE`, `UNEARNED_REVENUE`, `PAYROLL_LIABILITY`, `PAYROLL_CLEARING`, `LINE_OF_CREDIT`, `TIPS`, `REFUND_LIABILITIES`, `UNDEPOSITED_OUTFLOWS`, `OUTGOING_PAYMENT_CLEARING_ACCOUNT`, `OTHER_CURRENT_LIABILITY`, `LOANS_PAYABLE`, `NOTES_PAYABLE`, `SHAREHOLDER_LOAN`, `NON_CURRENT_LIABILITY`, `CONTRIBUTIONS`, `DISTRIBUTIONS`, `COMMON_STOCK`, `PREFERRED_STOCK`, `ADDITIONAL_PAID_IN_CAPITAL`, `RETAINED_EARNINGS`, `ACCUMULATED_ADJUSTMENTS`, `OPENING_BALANCE_EQUITY`, `OTHER_EQUITY`, `SALES`, `UNCATEGORIZED_REVENUE`, `RETURNS_ALLOWANCES`, `DIVIDEND_INCOME`, `INTEREST_INCOME`, `OTHER_INCOME`, `COGS`, `OPERATING_EXPENSES`, `PAYROLL`, `TAXES_LICENSES`, `UNCATEGORIZED_EXPENSE`, `CHARITABLE_CONTRIBUTIONS`, `LOAN_EXPENSES`, `FINANCE_COSTS`, `INTEREST_EXPENSES`, `DEPRECIATION`, `AMORTIZATION`, `BAD_DEBT`, or `OTHER_EXPENSES`
</ParamField>

<ParamField body="entries" type="array of Ledger Account Line Item objects">
  Array of [Ledger Account Line Item](/api-reference/ledger/chart#ledger-account-line-item-object) objects representing ledger entries recorded in this account.
</ParamField>

#### Journal Entry object

A journal entry within the general ledger.

<ParamField body="id" type="string">
  Unique identifier of the journal entry.
</ParamField>

<ParamField body="business_id" type="string">
  ID of the business associated with this journal entry.
</ParamField>

<ParamField body="ledger_id" type="string">
  ID of the general ledger containing this journal entry.
</ParamField>

<ParamField body="agent" type="string">
  Entity that created the journal entry.
</ParamField>

<ParamField body="entry_type" type="enum">
  Type of entry.
  Example values: `INVOICE_PAYMENT`, `EXPENSE`
</ParamField>

<ParamField body="line_items" type="array of Ledger Account Line Item objects">
  Array of [Ledger Account Line Items](/api-reference/ledger/chart#ledger-account-line-item-object) comprising the Journal Entry.
</ParamField>

#### Ledger Account Line Item object

A ledger entry within a ledger account.

<ParamField body="id" type="string">
  Unique identifier of the ledger account line item.
</ParamField>

<ParamField body="entry_id" type="string">
  ID of the Journal entry the ledger account line item was part of.
</ParamField>

<ParamField body="account" type="Ledger Account object">
  Simplified [Ledger Account](/api-reference/ledger/chart#ledger-account-object) object containing this line item.
</ParamField>

<ParamField body="direction" type="enum">
  Direction of line item.
  Values can be: `DEBIT`, `CREDIT`
</ParamField>

<ParamField body="entry_at" type="ISO8601 timestamp">
  Timestamp of the financial transaction associated with the line item.
</ParamField>

<ParamField body="createdAt" type="ISO8601 timestamp">
  Timestamp when ledger entry was added to the ledger account.
</ParamField>

<ResponseExample>
  ```json Example theme={null}
  {
      "data": {
          "type": "Chart_Of_Accounts",
          "accounts": [
              {
                  "id": "6ac7e685-4859-43a0-9f26-61e57c31f4ea",
                  "name": "Expenses",
                  "stable_name": "EXPENSES",
                  "normality": "DEBIT",
                  "account_type": {
                      "value": "EXPENSE",
                      "display_name": "Expenses"
                  },
                  "account_subtype": null,
                  "sub_accounts": [
                      {
                          "id": "ab16f453-6b0f-416d-bcc9-92edba3b6e0a",
                          "name": "Cost of Goods Sold",
                          "stable_name": "COGS",
                          "normality": "DEBIT",
                          "account_type": {
                              "value": "EXPENSE",
                              "display_name": "Expenses"
                          },
                          "account_subtype": {
                              "value": "COGS",
                              "display_name": "COGS"
                          },
                          "sub_accounts": [
                          // Sub-accounts omitted for brevity
                          ]
                      },
                      {
                          "id": "ab5f3795-734e-4b12-b9a1-c32ec4b43c2e",
                          "name": "Operating Expenses",
                          "stable_name": "OPERATING_EXPENSES",
                          "normality": "DEBIT",
                          "account_type": {
                              "value": "EXPENSE",
                              "display_name": "Expenses"
                          },
                          "account_subtype": {
                              "value": "OPERATING_EXPENSES",
                              "display_name": "Operating Expenses"
                          },
                          "sub_accounts": [
                          // Sub-accounts omitted for brevity
                          ]
                      },
                  ]
              },
              {
                  "id": "700a1b71-0b38-4d36-b46c-c0610f7849b5",
                  "name": "Revenue",
                  "stable_name": "REVENUE",
                  "normality": "CREDIT",
                  "account_type": {
                      "value": "REVENUE",
                      "display_name": "Revenue"
                  },
                  "account_subtype": null,
                  "sub_accounts": [
                      {
                          "id": "59d427f8-4681-4a8c-926e-3c3963b24e8f",
                          "name": "Service Revenue",
                          "stable_name": "SERVICES_REVENUE",
                          "normality": "CREDIT",
                          "account_type": {
                              "value": "REVENUE",
                              "display_name": "Revenue"
                          },
                          "account_subtype": {
                              "value": "SALES",
                              "display_name": "Sales"
                          },
                          "sub_accounts": []
                      },
                      {
                          "id": "d9ac1801-3433-4666-9e49-597c3d8c9816",
                          "name": "Sale of Goods Revenue",
                          "stable_name": "GOODS_REVENUE",
                          "normality": "CREDIT",
                          "account_type": {
                              "value": "REVENUE",
                              "display_name": "Revenue"
                          },
                          "account_subtype": {
                              "value": "SALES",
                              "display_name": "Sales"
                          },
                          "sub_accounts": []
                      }
                  ]
              },
              // Additional accounts omitted for brevity
          ]
      }
  }
  ```
</ResponseExample>