Tilikartoissa

Tilikartoissa refers to the charts of accounts used in Finnish accounting. They form the foundational framework for recording and reporting financial transactions, guiding how a company classifies its economic events in bookkeeping and financial statements.

Purpose and function

A tilikartta allows consistent classification of financial data. By grouping transactions into accounts for assets, liabilities, equity, revenue, and expenses, it enables comparability over time and across entities. The chart supports the preparation of key reports such as the balance sheet and income statement, and it serves as a basis for tax reporting, budgeting, and internal control.

Structure and typical features

Tilikartat are usually hierarchical and numbered to reflect account relationships and sub-accounts. A central feature is the division into main groups (for example, assets, liabilities, equity, revenue, and expenses) with further refinement through sub-accounts. Account names are expressed in Finnish (and sometimes in Swedish or English within multinational contexts). Industry-specific tilikartat may exist, and companies can tailor their own tilikartta within regulatory boundaries.

Regulatory and practical context

Finnish accounting regulations guide the design and use of tilikartat, but companies often customize them to fit their operations and reporting needs. Larger organizations and professional service providers commonly use more detailed standard templates, while small businesses may use simpler structures. Tilikartta is typically implemented in accounting software, where every business transaction is posted to the relevant accounts, enabling automated generation of financial statements and tax information.

Usage and examples

Common examples within a tilikartta include asset accounts such as cash and receivables, liability accounts such as payables, equity accounts, revenue from sales, and various expense categories. The precise naming and sub-division depend on the company’s activities and industry, but the overarching goal remains the same: to categorize and summarize financial activity clearly and consistently.