CHART OF

ACCOUNTS

Account Numbering
1000-1999 ASSET ACCOUNTS
2000-2999 LIABILITY ACCOUNTS
3000-3999 EQUITY ACCOUNTS
4000-4999 REVENUE ACCOUNTS
5000-5999 COST OF GOODS SOLD
6000-6999 EXPENSE ACCOUNTS
7000-7999 OTHER REVENUE
(for example, interest income)
8000-8999 OTHER EXPENSE
( for example, income taxes)
 Asset Accounts

Current Asset

1000 PETTY CASH

1010 CASH ON HAND (e. g. in cash
registers)
1020 REGULAR CHECKING
ACCOUNT
1030 PAYROLL CHECKING
ACCOUNT
1040 SAVING ACCOUNT
1050 SPECIAL ACCOUNT
1060 INVESTMENTS- MONEY
MARKET
1070 INVESTMENTS-
CERTIFICATES OF DEPOSIT
1100 ACCOUNTS RECEIVABLE
1140 OTHER RECEIVABLES
1150 ALLOWANCE FOR
 DOUBTFUL ACCOUNTS
1200 RAW MATERIALS
INVENTORY
1205 SUPPLIES INVENTORY
1210 WORK IN PROGRESS
INVENTORY
1215 FINISHED GOODS
INVENTORY-PRODUCT #1
1220 FINISHED GOODS
INVENTORY- PRODUCT #2
1230 FINISHED GOODS
INVENTORY- PRODUCT #3
1400 PREPAID EXPENSES
1410 EMPLOYEE ADVANCES
1420 NOTES RECEIVABLE-
CURRENT
1430 PREPAID INTEREST
1470 OTHER CURRENT ASSETS

FIXED ASSETS
1500 Furniture and Fixtures
1510 Equipment
1520 Vehicles
1530 Other Depreciable Property
1540 Leasehold Improvements
1550 Buildings
1560 Building Improvements
1690 Land
1700 Accumulated Depreciation,
Furniture and Fixtures
1710 Accumulated Depreciation,
Equipment
1720 Accumulated Depreciation,
Vehicles
1730 Accumulated Depreciation,
Other
1740 Accumulated Depreciation,
Leasehold
1750 Accumulated Depreciation,
Buildings
1760 Accumulated Depreciation,
Building Improvement
 OTHER ASSETS

1900 Deposits
1910 Organizations Costs
1915 Accumulated Amortization,
Organization Costs
1920 Notes Receivable, Non-current
1990 Other Non-current Assets

Liability Accounts

Current liabilities

200 Accounts Payable

0
230 Accrued Expenses
0
2310 Sales Tax Payable
232 Wages Payable
0
233 401-K Deductions Payable
0
233 Health Insurance Payable
5
234 Federal Payroll Taxes Payable
0
235 FUTA Tax Payable
0
236 State Payroll Tax Payable
0
237 SUTA Payable
0
238 Local Payroll Taxes Payable
0
239 Income Taxes Payable
0
240 Other Taxes Payable
0
2410 Employee Benefits Payable
242 Current Portion of Long-term
0 Debt
244 Deposits from Customers
0
248 Other Current Liabilities
0

Long-term Liabilities

270 Notes Payable

0
270 Land Payable
2
270 Equipment Payable
4
270 Vehicles Payable
6
270 Bank Loans Payable
8
2710 Deferred Revenue
274 Other Long-term Liabilities
0

Equity Accounts

3010 Stated Capital

302 Capital Surplus
0
303 Retained Earnings
0

Revenue Accounts

400 Product #1 Sales

0
402 Product #2 Sales
0
404 Product #3 Sales
0
406 Interest Income
0
408 Other Income
0
454 Finance Charge Income
0
455 Shipping Charges Reimbursed
0
480 Sales Returns and Allowances
0
490 Sales Discounts
0

Cost of Goods Sold

500 Product #1 Cost

0
5010 Product #2 Cost
502 Product #3 Cost
0
505 Raw Material Purchases
0
5100 Direct Labor Costs
5150 Indirect Labor Costs
520 Heat and Power
0
525 Commissions
0
530 Miscellaneous Factory Costs
0
570 Cost of Goods Sold, Salaries
0 and Wages
573 Cost of Goods Sold, Contract
0 Labor
575 Cost of Goods Sold, Freight
0
580 Cost of Goods Sold, Other
0
585 Inventory Adjustments
0
590 Purchase Returns and
0 Allowances
595 Purchase Discounts
0
 Expenses

600 Default Purchase Expense

0
6010 Advertising Expense
605 Amortization Expense
0
6100 Auto Expense
6150 Bad Debt Expense
620 Bank fees
0
625 Cash Over and Short
0
630 Charitable Contributions
0 Expense
635 Commissions and Fees
0 Expense
640 Depreciation Expense
0
645 Dues and Subscriptions
0 Expense
650 Employee Benefits Expense,
0 Health Insurance
6510 Employee Benefits Expense,
Pension Plan
652 Employee Benefits Expense,
0 Profit Sharing Plan
653 Employee Benefits Expense,
0 Other
655 Freight Expense
0
660 Gifts Expense
0
665 Income Tax Expense, Federal
0
666 Income Tax Expense, State
0
667 Income Tax Expense, Local
0
670 Insurance Expense, Product
0 Liability
6710 Insurance Expense, Vehicle
675 Interest Expense
0
680 Laundry and Dry Cleaning
0 Expense
685 Legal and Professional
0 Expense
690 Licenses Expense
0
695 Loss on NSF Checks
0
700 Maintenance Expense
0
705 Meals and Entertainment
0 Expense
7100 Office Expense
720 Payroll Tax Expense
0
725 Penalties and Fines Expense
0
730 Other Taxes
0
735 Postage Expense
0
740 Rent or Lease Expense
0
745 Repair and Maintenance
0 Expense, Office
746 Repair and Maintenance
0 Expense, Vehicle
755 Supplies Expense, Office
0
760 Telephone Expense
0
762 Training Expense
0
765 Travel Expense
0
770 Salaries Expense, Officers
0
775 Wages Expense
0
780 Utilities Expense
0
890 Other Expense
0
900 Gain/Loss on Sale of Assets
0