Chart of Accounts

All Accounts

View and manage your chart of accounts.

Account Name	Type	Status
Other Charges Miscellaneous charges like adjustments made to the invoice can be recorded in this account.	Income	Active
Lodging Any expense related to putting up at motels etc while on business travel can be entered here.	Expense	Active
Undeposited Funds Record funds received by your company yet to be deposited in a bank as undeposited funds and group them as a current asset in your balance sheet.	Cash	Active
Petty Cash It is a small amount of cash that is used to pay your minor or casual expenses rather than writing a check.	Cash	Active
Accounts Receivable The money that customers owe you becomes the accounts receivable. A good example of this is a payment expected from an invoice sent to your customer.	Accounts Receivable	Active
Furniture and Equipment Purchases of furniture and equipment for your office that can be used for a long period of time usually exceeding one year can be tracked with this account.	Fixed Asset	Active
Advance Tax Any tax which is paid in advance is recorded into the advance tax account. This advance tax payment could be a quarterly, half yearly or yearly payment.	Other Current Asset	Active
Accounts Payable This is an account of all the money which you owe to others like a pending bill payment to a vendor,etc.	Accounts Payable	Active
VAT Payable The amount of VAT which you owe.	Other Current Liability	Active
Retained Earnings The earnings of your company which are not distributed among the share holders is accounted as retained earnings.	Equity	Active
Owner''s Equity The owners rights to the assets of a company can be quantified in the owner''s equity account.	Equity	Active
Opening Balance Offset This is an account where you can record the balance from your previous years earning or the amount set aside for some activities. It is like a buffer account for your funds.	Equity	Active
Sales The income from the sales in your business is recorded under the sales account.	Income	Active
General Income A general category of account where you can record any income which cannot be recorded into any other category.	Income	Active
Unearned Revenue A liability account that reports amounts received in advance of providing goods or services. When the goods or services are provided, this account balance is decreased and a revenue account is increased.	Other Current Liability	Active
Interest Income A percentage of your balances and deposits are given as interest to you by your banks and financial institutions. This interest is recorded into the interest income account.	Income	Active
Late Fee Income Any late fee income is recorded into the late fee income account. The late fee is levied when the payment for an invoice is not received by the due date.	Income	Active
Office Supplies All expenses on purchasing office supplies like stationery are recorded into the office supplies account.	Expense	Active
Office Equipment	Expense	Active
Marketing Your expenses on promotional, marketing and advertising activities like banners, web-adds, trade shows, etc. are recorded in advertising and marketing account.	Expense	Active
Digital Marketing	Expense	Active
Domains	Expense	Active
Digital Advertising	Expense	Active
Broadcast Marketing	Expense	Active
Newspaper Periodical	Expense	Active
Printing	Expense	Active
Discount Any reduction on your selling price as a discount can be recorded into the discount account.	Income	Active
Bank Fees and Charges Any bank fees levied is recorded into the bank fees and charges account. A bank account maintenance fee, transaction charges, a late payment fee are some examples.	Expense	Active
Credit Card Charges Service fees for transactions , balance transfer fees, annual credit fees and other charges levied on a credit card are recorded into the credit card account.	Expense	Active
Exchange Gain or Loss Changing the conversion rate can result in a gain or a loss. You can record this into the exchange gain or loss account.	Other Expense	Active
Travel Expense Expenses on business travels like hotel bookings, flight charges, etc. are recorded as travel expenses.	Expense	Active
Automobile Expense Transportation related expenses like fuel charges and maintenance charges for automobiles, are included to the automobile expense account.	Expense	Active
IT and Internet Expenses Money spent on your IT infrastructure and usage like internet connection, purchasing computer equipment etc is recorded as an IT and Computer Expense.	Expense	Active
Janitorial Expense All your janitorial and cleaning expenses are recorded into the janitorial expenses account.	Expense	Active
Shipping Charge Shipping charges made to the invoice will be recorded in this account.	Income	Active
Postage Your expenses on ground mails, shipping and air mails can be recorded under the postage account.	Expense	Active
Bad Debt Any amount which is lost and is unrecoverable is recorded into the bad debt account.	Expense	Active
Employee Advance Money paid out to an employee in advance can be tracked here till it's repaid or shown to be spent for company purposes.	Other Current Asset	Active
Opening Balance Adjustments This account will hold the difference in the debits and credits entered during the opening balance.	Other Current Liability	Active
Employee Reimbursements This account can be used to track the reimbursements that are due to be paid out to employees.	Other Current Liability	Active
Uncategorized This account can be used to temporarily track expenses that are yet to be identified and classified into a particular category	Expense	Active
Salaries and Employee Wages Salaries for your employees and the wages paid to workers are recorded under the salaries and wages account.	Expense	Active
Depreciation Expense Any depreciation in value of your assets can be captured as a depreciation expense.	Expense	Active
Consultant Expense Charges for availing the services of a consultant is recorded as a consultant expenses. The fees paid to a soft skills consultant to impart personality development training for your employees is a good example.	Expense	Active
Dimension Adjustments This adjustment account tracks the transfers between different dimensions like tags, branches.	Other Liability	Active
Repairs and Maintenance The costs involved in maintenance and repair of assets is recorded under this account.	Expense	Active
Other Expenses Any minor expense on activities unrelated to primary business operations is recorded under the other expense account.	Expense	Active
Inventory Asset An account which tracks the value of goods in your inventory.	Stock	Active
Cost of Goods Sold An expense account which tracks the value of the goods sold.	Cost Of Goods Sold	Active
Drawings The money withdrawn from a business by its owner can be tracked with this account.	Equity	Active
Purchase Discounts Tracks any reduction that your vendor offers on your purchases. Some vendors also provide them to encourage quick payment settlement.	Expense	Active
Prepaid Expenses An asset account that reports amounts paid in advance while purchasing goods or services from a vendor.	Other Current Asset	Active
Output VAT The amount of money charged as Tax on your sales.	Output Tax	Active
Input VAT The amount of money charged to you as Tax on your purchases.	Input Tax	Active
Sales to Customers (Cash)	Other Current Asset	Active
Group Banking	Bank	Active
Vehicles	Expense	Active
HP Account	Expense	Active
Vehicle Tracking	Expense	Active
Vehicle Maintenance	Expense	Active
Vehicle Parts	Expense	Active
Vehicle Licensing	Expense	Active
Security	Expense	Active
Armed Response	Expense	Active
Staff	Expense	Active
Salaries	Expense	Active
Casual Wages	Expense	Active
Employee Loan	Expense	Active
Payroll Subscription	Expense	Active
Training Africa Skills, Seesa Training	Expense	Active
Staff Attire	Expense	Active
Insurance	Expense	Active
Health Insurance	Expense	Active
Staff Insurance	Expense	Active
Workmans Compensation	Expense	Active
Business Insurance	Expense	Active
Household Insurance	Expense	Active
Subscriptions and Membership Fees	Expense	Active
Telecom	Expense	Active
Device Contract	Expense	Active
Voip	Expense	Active
Data	Expense	Active
Airtime	Expense	Active
Devices	Expense	Active
Goodwill	Expense	Active
Meals & Entertainment	Expense	Active
Meetings	Expense	Active
Staff Welfare Clicks, Doctors etc.	Expense	Active
Study Courses	Expense	Active
Travelling	Expense	Active
Accommodation	Expense	Active
Airfair	Expense	Active
Air Fare Taxes	Expense	Active
Airport Parking	Expense	Active
Operations	Expense	Active
Printing and Stationery Expenses incurred by the organization towards printing and stationery.	Expense	Active
Meals and Entertainment Expenses on food and entertainment are recorded into this account.	Expense	Inactive
Software Subscriptions (XVAT)	Expense	Active
Software Subscriptions	Expense	Active
Business Services	Expense	Active
Property	Expense	Active
Rent Expense The rent paid for your office or any space related to your business can be recorded as a rental expense.	Expense	Active
Property Maintenance	Expense	Active
Electrical	Expense	Active
Property Service Fees	Expense	Active
Property Rentals	Expense	Active
Levies	Expense	Active
Utilities	Expense	Active
Guesthouse	Expense	Active
Tools & Equipment	Expense	Active
Equipment Hire	Expense	Active
Taxes	Expense	Active
Owners Loan	Bank	Active
Credit Card	Credit Card	Active
Professional Services	Expense	Active
Attorney	Expense	Active
Professional Fees	Expense	Active
Association	Expense	Active
Charity	Expense	Active
Donations	Expense	Active
Marius Burger	Expense	Active
Vinolia Mckeet	Expense	Active
Banking	Expense	Active
Fees	Expense	Active
Bank Interest	Expense	Active
Petty Cash Payment	Expense	Active
Cost of Services	Expense	Active
Materials	Expense	Active
Construction Materials	Expense	Active
Services Rendered	Income	Active
Clients	Expense	Active
Unknown Vendors	Fixed Asset	Active
Ecosafe	Bank	Active
Predator	Bank	Active
Courier	Other Expense	Active
Transportation	Expense	Active
Fuel	Expense	Active
Parking & Tolls	Expense	Active
Traffic Fines	Expense	Active
Taxi Services	Expense	Active
Group Income Account	Bank	Active
Verminator Bank Account	Bank	Active
Integrity Investments Bank Account	Bank	Inactive
Credit Card Cape Town	Credit Card	Active
Refunds	Expense	Active
Members Loan Account Any personal purchases paid through the business	Long Term Liability	Active