The beauty and Skincare industry is closely connected to the social media platforms due to the presence of the young, diverse and potential target market. Social media plays a significant role in amplifying the popularity of beauty brands and skincare influencers among young millennials. They can purchase as well as promote at their levels which can prove to be more beneficial than the brand promoting itself on these platforms. The rise of beauty blogging and vlogging on Instagram has boosted the overall growth of the industry both in terms of digital presence as well as real sales & revenue. Beauty and skincare brands on Instagram add more personality to the brand itself by approaching the audience in a much authentic and trusted manner. The content is genuine with real reviews from customers, additional information, behind the scenes from the production and manufacturing systems.

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Chart of accounts numbering involves setting up the structure of the accounts to be used, as well as assigning specific codes to the different general ledger accounts. The numbering system used is critical to the ways in which financial information is stored and manipulated. The first type of numbering to determine for a chart of accounts involves their structure. This is the layout of an account number, and involves the following components:Division code - This is typically a two-digit code that identifies a specific company division within a multi-division company. It is not used by a single-entity company. The code can be expanded to three digits if there are more than 99 subsidiaries.Department code - This is usually a two-digit code that identifies a specific department within a company, such as the accounting, engineering, or production departments.Account code - This is usually a three digit code that describes the account itself, such as fixed assets, revenue, or supplies expense.For example, a multi-division company with several departments in each company would probably use chart of accounts numbering in this manner: xx-xx-xxxAs another example, a single-division company with multiple departments could dispense with the first two digits, and instead uses the following numbering scheme: xx-xxxAs a final example, a smaller business with no departments at all could just use the three digit code assigned to its accounts, which is: xxxOnce the coding structure is set, the numbering of accounts can take place. This is the three-digit coding referred to previously. A company can use any numbering system that it wants; there is no mandated approach. However, a common coding scheme is as follows:Assets - Account codes 100-199Liabilities - 200-299Equity accounts - 300-399Revenues - 400-499Expenses - 500-599 As a complete example of the preceding outline of numbering, a parent company assigns the "03" designator to one of its subsidiaries, the "07" designator to the engineering department, and "550" to the travel and entertainment expense. This results in the following chart of accounts number:03-07-550