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7 The Basecamp of Nonprofit Accounting: The Chart of Accounts The foundation for your organization's accounting system is the chart of accounts. Call it your basecamp for the trek to better financial management. Your chart of accounts forms the framework for storing all your financial information and transactions, with an impact on everything from data entry to financial reporting. When you have an easy-to-understand and efficient chart of accounts structure, the information that flows from it will be more useful. Basecamp