SAMPLE CHART OF ACCOUNTS
Asset Accounts Current Assets 1000 Petty Cashs 1010 Regular Checking Account 1020 Payroll Checking Account 1030 Savings Account 1040 Special Account 1050 Investments-Money Market 1060 Investments-Certificates of Deposit 1100 Accounts Receivable 1140 Other Receivables 1150 Allowance for Doubtful Accounts 1200 Supplies Inventory 1210 Inventory 1400 Pre-paid Expenses 1410 Employee Advances 1420 Prepaid Interest 1430 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 Improvements Other Assets 1900 Deposits 1910 Organization Costs 1915 Accumulated Amortization, Organization Costs 1920 Notes Receivable, Non-Current 1990 Other Non-Current Assets Liability Accounts Current Liabilities 2000 Accounts Payable 2300 Accrued Expenses 2310 Sales Tax Payable 2320 Wages Payable 2430 401-K Deductions Payable 2335 Health Insurance Payable 2340 Federal Payroll Taxes Payable 2350 FUTA Tax Payable 2360 State Payroll Taxes Payable 2370 SUTA Payable 2380 Local Payroll Taxes Payable 2390 Income Taxes Payable 2400 Other Taxes Payable 2410 Employee Benefits Payable 2420 Current Portion of Long-term Debt 2440 Deposits from Customers 2480 Other Current Liabilities
Long-Term Liabilities 2700 Notes Payable 2702 Land Payable 2704 Equipment Payable 2706 Vehicles Payable 2708 Bank Loans Payable 2710 Deferred Revenue 2740 Other Long-term Liabilities Equity Accounts 3010 Stated Capital 3020 Capital Surplus 3030 Retained Earnings Revenue Accounts 4000 Sales of Service 4040 Sales - Retail 4080 Other Income 4540 Finance Charges Income 4550 Shipping Charges Reimbursed 4800 Sales Returns and Allowances 4900 Sales Discounts Cost of Goods Sold 5000 COGS Service 5010 COGS Retail 5100 Direct Labor Costs 5150 Indirect Labor Costs 5200 Heat and Power 5250 Commissions 5300 Miscellaneous Factory Costs 5700 Cost of Goods Sold, Salaries and Wages 5730 Cost of Goods Sold, Contract Labor 5750 Cost of Goods Sold, Freight 5800 Costs of Goods Sold, Other
5850 Inventory Adjustments 5900 Purchase Returns and Allowances 5950 Purchase Discounts Expenses 6000 Default Purchase Expense 6010 Advertising Expense 6050 Amortization Expense 6100 Auto Expenses 6150 Bad Debt Expense 6200 Bank Fees 6250 Cash Over and Short 6300 Charitable Contributions Expense 6350 Commissions and Fees Expense 6400 Depreciation Expense 6450 Dues and Subscriptions Expense 6500 Employee Benefit Expense, Health Insurance 6510 Employee Benefit Expense, Pension Plans 6520 Employee Benefit Expense, Profit Sharing Plan 6530 Employee Benefit Expense, Other 6550 Freight Expense 6600 Gifts Expense 6650 Income Tax Expense, Federal 6660 Income Tax Expense, State 6670 Income Tax Expense, Local 6700 Insurance Expense, Product Liability 6710 Insurance Expense, Vehicle 6750 Interest Expense 6800 Laundry and Dry Cleaning Expense 6850 Legal and Professional Expense 6900 Licenses Expense 6950 Loss on NSF Checks 7000 Maintenance Expense 7050 Meals and Entertainment Expense 7100 Office Expense 7200 Payroll Tax Expense 7250 Penalties and Fines Expense
7300 Other Taxes 7350 Postage Expense 7400 Rent or Lease Expense 7450 Repair and Maintenance Expense, Office 7460 Repair and Maintenance Expense, Vehicle 7550 Supplies Expense, Office 7600 Telephone Expenses 7620 Training Expense 7650 Travel Expense 7700 Salaries Expense, Officers 7750 Wages Expense 7800 Utilities Expense 8900 Other Expense 9000 Gain/Loss on Sale of Assets
