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Enterprise Model Patterns: Describing the World (UML Version) by David C. Hay

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Accounts

The general ledger is a record of the assets and liabilities of the organization being accounted for, and of the flow of money into or out of the company. This is in the form of a chart of accounts, organizing quantities of money held or owed by the company. This is in terms of things that the enterprise deals with, such as products or personnel. The basic rules and transactions for recording changes to the financial quantities are well-defined by the principles of double-entry bookkeeping. At the heart of the system is an Account. An account is “a place in which to record particular kinds of effects of the firm’s transactions”.[45] [(]

Setting up a chart of accounts involves defining the Accounts and grouping them into Cost Center

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