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This free sample chart of accounts template can be used by a business to produce and develop its own chart of accounts. Free Excel spreadsheet download.
The chart of accounts serves as the foundational framework used to generate the financial statements for a business. These financial statements, which include the balance sheet, income statement, and cash flow statement, are the principal reports a company relies on for making informed decisions.
A chart of accounts should keep your business accounting error-free and straightforward. This will allow you to quickly determine your financial health so that you can make intelligent decisions moving forward.
Here at Graphite, we put together a free downloadable Chart of Accounts example that takes into account all of these best practices. And we split it out by industry for even quicker time-to-value for you.
Download Chart of Accounts Template — Microsoft Excel. Create a complete record of all the financial accounts listed in your general ledger. For each account, include the code, a brief description, and the account type, such as asset, liability, equity, or expense.
To help you get started, we've created a free chart of accounts template that you can download and customize to fit your business needs. The template includes common account types and numbers, and it's organized by category to make it easier to use.
Chart of Accounts for Small Business Template Guide. The chart of accounts for small business is divided into the following columns: 1. Account Name. The name of the account in the general ledger.
Current Notes Payable Accounts Payable Accrued Wages and Payroll Taxes Withheld. Notes Payable. Common Stock Retained Earnings. Commercial Sales Grant Revenue Interest Income. Direct Labor Consultants Equipment Materials and Supplies Travel Other/Miscellaneous Consortium/Contractual. Vacation Holidays Sick Leave Payroll Taxes 401(k) Plan Group ...
Download our free example and templates chart of accounts for industry-specific startups and small businesses!
Free online accounting templates and forms to help with business management. The templates are in PDF, Excel or Word format