Code of accounts

Code of accounts,

Definition of Code of accounts:

  1. A project management tool which assigns a code made from numbers, letters, or a combination of the two to every item on the work breakdown structure (WBS) of a project. For example: 1. Manufacturing project    1.1 Machine and tooling    1.2 Material procurement       1.2.1 Request for Bids       1.2.2 Material purchase.

Meaning of Code of accounts & Code of accounts Definition