Sample Chart of Accounts - Delta Kits

Sample Chart of Accounts

Account Name

Bank checking account Bank savings account Petty cash account Accounts receivable Allowance for doubtful debts account Inventory Equipment Accumulated Depreciation Accounts payable Payroll payable Interest payable Sales Tax payable Purchase Tax payable Payroll tax payable Income tax payable Other loans Owners contributions Owners draw Retained earnings Sales & Services Discounts allowed Product Purchases Packaging Shipping costs Opening inventory Closing inventory Research and development Advertising Marketing expenses Payroll Contract labor Payroll expenses Payroll benefits Payroll taxes Computer and internet Software Rent Property taxes Utilities Motor expenses Meals and entertainment Printing

Code

1000 1010 1030 1200 1210 1400 1840 1850 2000 2200 2210 2240 2250 2260 2270 2600 3000 3010 3020 4010 4020 4400 4410 4430 4450 4460 4800 5020 5040 5200 5210 5220 5230 5240 5250 5260 5280 5290 5300 5310 5340 5350

Financial Statement

Balance sheet Balance sheet Balance sheet Balance sheet Balance sheet Balance sheet Balance sheet Balance sheet Balance sheet Balance sheet Balance sheet Balance sheet Balance sheet Balance sheet Balance sheet Balance sheet Balance sheet Balance sheet Balance sheet Income Statement Income Statement Income Statement Income Statement Income Statement Income Statement Income Statement Income Statement Income Statement Income Statement Income Statement Income Statement Income Statement Income Statement Income Statement Income Statement Income Statement Income Statement Income Statement Income Statement Income Statement Income Statement Income Statement

Group

Current assets Current assets Current assets Current assets Current assets Current assets Long term assets Long term assets Current liabilities Current liabilities Current liabilities Current liabilities Current liabilities Current liabilities Current liabilities Long-term liabilities Equity Equity Equity Income Income Cost of sales Cost of sales Cost of sales Cost of sales Cost of sales Expense Expense Expense Expense Expense Expense Expense Expense Expense Expense Expense Expense Expense Expense Expense Expense

Normally

Debit Debit Debit Debit Credit Debit Debit Debit Credit Credit Credit Credit Credit Credit Credit Credit Credit Credit Credit Credit Debit Debit Debit Debit Debit Credit Debit Debit Debit Debit Debit Debit Debit Debit Debit Debit Debit Debit Debit Debit Debit Debit

This is a sample chart of accounts only. Your business model may require a different setup. For a more customized chart of accounts please contact a tax professional.

Sample Chart of Accounts

Account Name

Postage & carriage Telephone Office supplies Professional fees Repairs & maintenance Housekeeping supplies and cleaning Bad debt expense Dues and membership fees Research and professional development Insurance Suspense account Depreciation Interest expense Bank fees Interest income Income tax expense

Code

5360 5370 5380 5390 5410 5420 5430 5440 5450 5460 5480 5600 5800 5810 4200 5900

Financial Statement

Income Statement Income Statement Income Statement Income Statement Income Statement Income Statement Income Statement Income Statement Income Statement Income Statement Income Statement Income Statement Income Statement Income Statement Income Statement Income Statement

Group

Expense Expense Expense Expense Expense Expense Expense Expense Expense Expense Expense Expense Expense Expense Income Expense

Normally

Debit Debit Debit Debit Debit Debit Debit Debit Debit Debit Debit Debit Debit Debit Credit Debit

This is a sample chart of accounts only. Your business model may require a different setup. For a more customized chart of accounts please contact a tax professional.

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