Visual Dolphin

Sample Chart of Accounts

REV. DEC 2007 © SOFTWARE DESIGN CONSULTING GROUP - 2007

Sample Chart of Accounts

This sample of chart of accounts must not be applied as is, but should
be personalized to the needs of each company and adapted to its type of
operations.
It is presented herewith as a suggestion and SDCG cannot be held
responsible for its content or for its misuse.

1 Assets

10 cash & Banks

1001 Petty cash
1002 Cash on hand (in Cash Registers)
1010 Bank accounts
1011 Regular saving accounts
1021 Post dated checks

11 Accounts receivable
1101 Receivable from Ordinary customers
1102 Receivable from Foreign customers
1103 Receivable from dealers
1104 Receivable form other client types
1105 Advances to employees
1111 Accrued accounts receivable
1121 Other accounts receivable
1131 Prepaid expenses
1141 Allowances for doubtful accounts (bad debts)

12 Inventory
1201 Stock item's inventory
120101 Finished goods Inventory - Family xxx
120102 Finished goods Inventory - Family yyy
120103 Finished goods Inventory - Family zzz
1202 Raw material inventory
120201 Raw Material items - Family aaa
120202 Raw Material items - Family bbb
1203 Semi finished items
120301 Semi finished goods - Family 111
120302 Semi finished goods - Family 222
1204 Work in progress
120401 Cost element 111
120402 Cost element 222
120403 Electrical works
120404 Sanitary works
120405 Printing
120406 Color separation
120407 Photography
1205 Supplies inventory
 1206 …

13 Long term investments

1301 Investment in stock
1302 Investment in xxx bonds
1303 Long term investment- fair value adjustment
1304 Investment in…

14 Receivable form sister company/partner accounts

1401 Receivable from sister companies
1402 A/R partners accounts

15 Fixed assets
1501 Vehicles and automobiles
1502 Furniture & fixture
1503 Office equipment
150301 Computer equipment
150302 Electronic items (photocopying. TV, Video,)
150303 Other
1504 Leasehold improvements
1505 Machinery
1506 Store equipment
1507 Building
1508 Land

16 Accumulated depreciation
1601 Depreciation Vehicles and automobiles
1602 Depreciation Furniture & fixture
1603 Depreciation Office equipment
160301 Depreciation Computer equipment
Depreciation Electronic items (photocopying. TV,
160302 Video,)
160303 Depreciation Other
1604 Depreciation Leasehold improvements
1605 Depreciation Machinery
1606 Depreciation Store equipment
1607 Depreciation Building
1608 Depreciation Land

18 Deposits

19 Intangible assets (other assets)

1901 Organizational cost
1902 Patents
1902 Franchise
1903 Copyrights
1904 Leasehold

Visual Dolphin – Sample Chart of Accounts – Rev. Dec. 07 2

 2 Liabilities

21 Accounts payable
2101 Assets suppliers payable
2102 Trade suppliers payable
2103 Payable to employees
2104 Other suppliers payable

22 Payable to government institutions

2201 Sales tax Payable
2202 Payroll tax payable
2203 Income tax payable
2204 Other tax payable

23 Unearned revenues
2301 Advances from customers
2302 Other unearned revenues
2303 Deferred income - sponsorship/registration fees/maintenance

24 Bank loans

26 Notes payable
2601 Notes payable

27 Long term liabilities

2701 Long term Notes payable
2702 Long term Land payable
2703 Long term Equipment/vehicle payable
2704 Long term lease payable
2705 Other long term liabilities

3 Equity

30 Owners' Equity
3001 Stated capital
3002 Capital Surplus
3003 Capital Withdrawal

31 Corporate contributed capital

3101 Common stock subscribed
3102 Common stock, par value

32 Retained earning
3201 Previous years returned earning
Last year
3202 results
3203 Cash dividend declared

33 Other Owners' equity

3301 Treasury stock common

Visual Dolphin – Sample Chart of Accounts – Rev. Dec. 07 3

 4 Revenue account

41 Revenues from sales to customers

4101 Revenues from products- Family xxx
4102 Revenues from products- Family yyy
4103 Revenues from products- Family zzz

42 Revenues from sales to sister companies

4201 Revenues from products- Family xxx
4202 Revenues from products- Family yyy
4203 Revenues from products- Family zzz

43 Commissions earned

44 Dividends earned

45 Earnings from investments

46 Other income

47 Interest earned

48 Sales return

49 Sales discounts

5 Cost of sales

51 Cost of sales done to trade customers

5101 Cost of sales from products- Family xxx
5102 Cost of sales from products- Family yyy
5103 Cost of sales from products- Family zzz

52 Cost of sales done to sister company

5201 Cost of sales from products- Family xxx
5202 Cost of sales from products- Family yyy
5203 Cost of sales from products- Family zzz

Visual Dolphin – Sample Chart of Accounts – Rev. Dec. 07 4

 6 Expenses

60 Purchases
601 Raw material Purchases
60101 Purchase of raw materials - Family aaa
60102 Purchase of raw materials - Family bbb
60103 Purchase of raw materials - Family ccc
602 Purchases of goods
60201 Purchase of products- Family xxx
60202 Purchase of products- Family yyy
60203 Purchase of products- Family zzz
603 Purchases discounts
60301 Purchase of products- Family xxx
60302 Purchase of products- Family yyy
60303 Purchase of raw materials - Family ccc
604 Purchase returns and allowances
60401 Purchase of products- Family xxx
60402 Purchase of raw materials - Family bbb
60403 Purchase of raw materials - Family ccc
605 Shipment expenses
60501 Freight
60502 Insurance
60503 Customs
60504 Clearing fees
60505 Port handling
60506 Other shipment fees
606 Inventory adjustment

61 Amortization & Depreciation Expenses

6101 Amortization Expense,------------
6102 Depreciation Expense, -------------

62 Employee Related Expenses

6201 Office salaries Expense
6202 Sales salaries Expense
6211 Employee's benefit Expense
6221 Payroll Taxes Expense

63 Financial Expenses
6301 Short cash Expense
6302 Discount Lost
6303 Factoring fee Expense
6304 Interest Expense

64 Insurance Expenses
6401 Insurance Expense, delivery equipment
6402 Insurance Expense, Office equipment
6403 Insurance Expense,-----------------
6404 Insurance Expense,-----------------

Visual Dolphin – Sample Chart of Accounts – Rev. Dec. 07 5

 65 Rental Expenses
6501 Rent Expense
6502 Rent Expense, office space
6503 Rent Expense, Selling space
6504 Truck, Rent Expense
6505 -------------, Rent Expense

66 Supplies Expense
6601 Office Supplies Expense
6602 Stores Supplies Expense
6603 --------------Supplies Expense
6604 --------------Supplies Expense

67 Miscellaneous Expenses
6701 Advertising Expense
6702 Bad debts Expense
6703 Collection expense
6704 Credit cards Expense
6705 Delivery expense
6706 Equipment Expense
6707 Repairs Expense
6708 Food & Drinks Expense
6709 Gas and Oil Expense
6710 Electricity Expense
6711 Telephone and network Expense
6712 Postage Expense
6713 Permits Expense
6714 Legal Fees expense
6715 Audit fees Expense
6716 Consulting fee Expense
6717 Travel Expense
6718 Hotel Expense
6719 Entertainment expense
6720 Maintenance Expense
6721 Income taxes Expense
6722 Penalties Expense
6723 Gifts Expense
6724 Cleaning Expense
6725 Security Expense

7 Gain on sale of assets

71 Gain on sale of assets

7101 Gain on retirement of bonds
7102 Gain on sale of short-term investments
7103 Gain on sale of machinery
7104 Gain on sale of ---------------------

72 Foreign exchange gain

7201 Foreign exchange gain

Visual Dolphin – Sample Chart of Accounts – Rev. Dec. 07 6

 8 Gain / Losses on sale of assets

81 Loss on sale of assets

8101 Loss of sale on retirement bonds
8102 Loss on sale of investment
8103 Loss on disposal of machinery
8104 Loss on disposal of equipment
8105 Loss on exchange of equipment
8106 Loss on exchange of machinery
8107 Loss on, -----------------

82 Foreign exchange loss

8201 Foreign exchange loss

Visual Dolphin – Sample Chart of Accounts – Rev. Dec. 07 7

 Lebanon Phone 961-1-399855
Fax 961-1-380420
PO.Box 166607 – 1100 2140 Ashrafieh
Beirut – Lebanon

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Fax 971-4-3383319
PO.Box 35046 Al Romoul
Dubai – U.A.E.

Saudi Arabia
Riyadh Phone 966-1-4730784
Fax 966-1-4730784

Jeddah Phone 966-2-6608824

Fax 966-2-6603835

PO.Box 5586 Riyadh 11432 -

Kingdom Of Saudi Arabia

Email sdcg@softwaredesign.com.lb

Website: http://www.sd-lb.com

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Visual Dolphin – Sample Chart of Accounts – Rev. Dec. 07 8