Chart of Accounts

36 active accounts · Click any account to view its transaction ledger

Assets

$74,440

Liabilities

$6,950

Equity

$45,120

Revenue

P&L account

Cost of Goods Sold

P&L account

Expenses

P&L account

Code	Account Name	Subtype	Description	Balance
Assets(9 accounts) $74,440
— Cash & Bank
1010	Checking Account	Current Asset	Primary operating checking account	$24,350
1020	Savings Account	Current Asset	Business savings account	$18,200
1030	Petty Cash	Current Asset	Small cash fund for minor expenses	$250
1100	Accounts Receivable	Current Asset	Money owed by customers	$8,640
1200	Inventory	Current Asset	Goods held for sale	$4,120
1300	Prepaid Expenses	Current Asset	Expenses paid in advance	$980
— Fixed Assets
1510	Equipment	Fixed Asset	Office and production equipment	$12,000
1520	Accumulated Depreciation — Equipment	Fixed Asset	Contra asset for equipment depreciation	(2,400)
1530	Furniture & Fixtures	Fixed Asset	Office furniture and fixtures	$3,500
Liabilities(6 accounts) $6,950
— Current Liabilities
2010	Accounts Payable	Current Liability	Money owed to vendors and suppliers	$3,240
2020	Credit Card — Business Visa	Current Liability	Business credit card balance	$1,870
2030	Sales Tax Payable	Current Liability	Sales tax collected, not yet remitted	$640
2040	Accrued Expenses	Current Liability	Expenses incurred but not yet paid	$1,200
2050	Payroll Liabilities	Current Liability	Wages and payroll taxes owed	—
— Long-Term Liabilities
2110	Business Loan	Long-Term Liability	Outstanding principal on business loan	—
Equity(3 accounts) $45,120
— Owner's Equity
3010	Owner's Capital	Equity	Capital contributed by the owner	$38,000
3020	Owner's Draw	Equity	Withdrawals by the owner	—
3030	Retained Earnings	Equity	Accumulated profits from prior years	$7,120
Revenue(4 accounts)
— Operating Revenue
4010	Sales Income	Revenue	Revenue from product sales	—
4020	Service Income	Revenue	Revenue from services rendered	—
4030	Consulting Income	Revenue	Revenue from consulting engagements	—
— Other Income
4910	Interest Income	Other Income	Interest earned on accounts	—
Cost of Goods Sold(2 accounts)
— Cost of Goods Sold
5010	Purchases	COGS	Inventory and product purchases	—
5020	Direct Labor	COGS	Labor directly tied to production	—
Expenses(12 accounts)
— Operating Expenses
6010	Rent & Utilities	Operating Expense	Office rent, electricity, water, internet	—
6020	Salaries & Wages	Payroll	Employee compensation	—
6030	Payroll Taxes	Payroll	Employer-side payroll taxes	—
6040	Marketing & Advertising	Operating Expense	Advertising, social media, promotions	—
6050	Software & Subscriptions	Operating Expense	SaaS tools and software licenses	—
6060	Office Supplies	Operating Expense	Stationery, printer supplies, etc.	—
6070	Travel & Transportation	Operating Expense	Business travel, mileage, parking	—
6080	Meals & Entertainment	Operating Expense	Business meals and client entertainment	—
6090	Professional Services	Operating Expense	Legal, accounting, consulting fees	—
6100	Insurance	Operating Expense	Business insurance premiums	—
6110	Depreciation Expense	Operating Expense	Depreciation on fixed assets	—
6900	Other Expenses	Other Expense	Miscellaneous business expenses	—

Green = Assets, Expenses & COGS

Orange = Liabilities & Revenue

Purple = Equity

Click any account row to view its ledger