Simple chart of accounts template
Chart of accounts is a list of all the accounts used by an entity in its general ledger to record double-entry transactions. A chart of accounts includes asset accounts, liability accounts, equity accounts, income accounts, expense accounts and relevant contra-accounts. Each account is given a specific number depending on the nature of the account. Sample Chart of Accounts Account Category Account Code Account Title Current Assets 1000 Cash 1020 Accounts Receivable 1040 Inventory – Work in Progress 1060 Prepayments Property, Plant & Equipment 1100 Equipment – Lab 1101 Accumulated Depreciation – Lab Equipment 1110 Equipment – Office SAMPLE CHART OF ACCOUNTS! Please also refer to 'Notable Observations' at the bottom of this page for information about the basic architecture of this chart of accounts. This Chart of accounts is designed for a C-Corporation. We may add Templates for S-Corps and LLCs if there are enough requests for them.