practical-accounting-template-chart-of-accounts

Practical Accounting Templates - RGP Chart of Accounts

Chart of Accounts Name of Company # Account Name Balance Sheet Accounts Current Assets

101 102 110 110A 111 120 121 131 132 133

Cash in Bank - Checking Cash in Bank - Savings Accounts Receivable - Customers Allowance for Doubtful Accounts Accounts Receivable - Others Inventory - Finished Goods Inventory - Supplies Prepaid Insurance Prepaid Advertising Prepaid Dues & Fees

Fixed Assets

151 151A 152 152A 153 153A 154 154A 155

Machinery & Equipment Accumulated Depr - M&E Furniture & Fixtures Accumulated Depr - F&F Leasehold Improvements Accumulated Depr - LI Buildings Accumulated Depr - Buildings Land

Other Assets

160 161 162 162A

Deposits (Utilities & Other) Goodwill Incorporation Expenses Accumulated Amortization - IE

Current Liabilities

201 202 203 211 212 213 214 215 216 217 221 222 223 224 225

Accounts Payable - Vendors Accounts Payable - Others Notes Payable - Short Term FICA Taxes Payable Federal W/H Taxes Payable State W/H Taxes Payable Federal Unemployment Taxes Payable State Unemployment Taxes Payable State Sales Taxes Payable Property Taxes Payable Health Insurance Payable Interest Payable Insurance Payable Advertising Payable Accrued Payroll

Long Term Dept

241 241A 245

Bank Loans Payable Short-term Portion (deduct) Officers Loans Payable

Owners Equity

301 302

Invested Capital Retained Earnings

Practical Accounting Templates - RGP Chart of Accounts

Chart of Accounts Name of Company # Account Name Income Statement Accounts Sales

401 402 403 404 411 412

Product #1 Sales Product #2 Sales Product #3 Sales Product #4 Sales Service Sales - City Service Sales - Country

Cost of Goods Sold

501 502 503 504 511 512

COGS Product #1 COGS Product #2 COGS Product #3 COGS Product #4 COGS Service City COGS Service Country

Operating Expenses

601 602 603 604 605 606 607 608 609 620 621

Rent & Related Costs Operating Salaries Payroll Taxes - Operating Salaries Repair & Maintenance Supplies - Operating Utilities Insurance - Building & Contents Property Taxes Miscellaneous Operating Expenses Depreciation - Buildings Depreciation - Equipment

Selling Expenses

701 702 703 704 705 706

Selling Salaries Payroll Taxes - Selling Salaries Advertising Auto/Van - Delivery & Travel Telephone Miscellaneous Selling Expenses

Administration Expenses

801 802 803 804 805 806 807 808 809 810

Officers Salaries Office Salaries Payroll Taxes - Administration Salaries Office Supplies Professional Fees - Accounting & Legal Office Equipment Repairs Software & Computer Expense Miscellaneous Admin Expenses Insurance General Liability Interest Expenses

Income Taxes

901

Income Taxes - Federal & State