Chart of Accounts

In accounting, FGA can mean many things, Jbock.

To better assist you, can you tell us where you found it in the Chart of Accounts (CoA) or what particular topic it is under for Accounting or Finance? Any additional details could help us provide you with a tailored answer.

FGA could stand for Fixed General Assets, which refers to long-term assets used in operations. Alternatively, it can also refer to a Financial Guarantee Agreement, a type of agreement or contract involving financial guarantees.

For future reference, you can check out this article if you want to learn how to organize your CoA by assigning numbers: Use account numbers in your chart of accounts in QuickBooks Online.

Feel free to reply below, and we'll get back to you promptly to provide further assistance.

Thank you Nicole,

On the Chart of Accounts I've inherited there is an income section with FGA as the leading description. Based on what has been posted there, I will go with your answer of Financial Guarantee Agreement, as the posts are all related to restricted State and/or Federal Funds.

@Jbock15751 

Unless you're guaranteeing loans, it's probably not Financial Guarantee Agreement.  If you receive federal grants, it could be Federal Grant Award income.