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Ready-made chart of accounts for a trading business
A 4-level tree with 116 detail accounts, including VAT, Zakat and GOSI accounts.
1Assets
11Current assets
1101Cash on hand
110101Main branch cash - Riyadh
110102Jeddah branch cash
110103Dammam branch cash
110104Petty cash
1102Cash at banks
110201Bank (1) - Current account
110202Bank (2) - Current account
110203Bank (1) - Payroll account
110204Cash in transit
110205Card receipts pending settlement
1103Trade receivables
110301Trade customers
110302Notes receivable
110303Allowance for expected credit losses
1104Inventory
110401Inventory - Main warehouse, Riyadh
110402Inventory - Jeddah showroom
110403Inventory - Dammam showroom
110404Goods in transit
110405Provision for obsolete and slow-moving inventory
1105Prepayments and other receivables
110501Prepaid rent
110502Advances to suppliers
110503Employee advances
1106VAT recoverable
110601VAT - Input
12Non-current assets
1201Property and equipment
120101Leasehold improvements - Showrooms
120102Vehicles
120103Furniture and fixtures
120104Computers and POS devices
1202Accumulated depreciation
120201Accumulated depreciation - Showroom improvements
120202Accumulated depreciation - Vehicles
120203Accumulated depreciation - Furniture and fixtures
120204Accumulated depreciation - Computers
1203Intangible assets
120301Software and licenses
120302Accumulated amortization - Software and licenses
1204Right-of-use assets
120401Right-of-use - Leased showrooms
120402Accumulated depreciation - Right-of-use assets
2Liabilities
21Current liabilities
2101Trade payables
210101Local suppliers
210102Foreign suppliers
210103Notes payable
2102Accrued expenses
210201Accrued salaries and wages
210202Accrued rent
210203Accrued electricity, water and telecom
210204Other accrued expenses
2103Government payables
210301GOSI payable
210302Withholding tax payable
210303Accrued government fees
2104Value Added Tax (VAT)
210401VAT - Output
210402VAT - Settlement
2105Other credit balances
210501Advances from customers
210502Deferred revenue
210503Current portion of loans
210504Lease liabilities - Current portion
2106Zakat and tax provisions
210601Zakat provision
210602Income tax provision
22Non-current liabilities
2201Long-term loans and financing
220101Long-term bank loan
2202Employee provisions
220201End-of-service benefit provision
2203Lease liabilities
220301Lease liabilities - Non-current portion
2204Partners' current account
220401Partner 1 current account
220402Partner 2 current account
3Equity
31Capital
3101Capital
310101Paid-up capital
32Reserves
3201Reserves
320101Statutory reserve
33Profits
3301Retained earnings and current-year profit
330101Retained earnings
330102Profit (loss) for the year
330103Dividends
4Revenue
41Sales revenue
4101Sales
410101Cash sales - Main branch
410102Cash sales - Jeddah branch
410103Cash sales - Dammam branch
410104Credit sales
4102Sales returns and allowances
410201Sales returns
410202Sales allowances
4103Sales discounts
410301Discounts allowed
410302Promotional discounts
42Other income
4201Other income
420101Discounts received
420102Gain on sale of fixed assets
420103Miscellaneous income
5Cost of sales
51Cost of goods sold (COGS)
5101Cost of sales by branch
510101Cost of goods sold - Main branch
510102Cost of goods sold - Jeddah branch
510103Cost of goods sold - Dammam branch
5102Unallocated purchase costs
510201Freight-in on purchases
510202Customs duties
510203Customs clearance expenses
5103Inventory differences
510301Inventory shortage
510302Inventory surplus
510303Damaged and expired inventory
6Operating expenses
61Selling and distribution expenses
6101Selling and distribution expenses
610101Sales staff salaries
610102Sales commissions
610103Advertising and promotion
610104Transportation and delivery expenses
610105POS terminal and network fees
62General and administrative expenses
6201Salaries and benefits
620101Basic salaries
620102Housing allowance
620103Transportation allowance
620104GOSI - Employer share
620105Medical insurance
620106End-of-service benefit expense
6202Premises expenses
620201Rent
620202Electricity and water
620203Telecommunications and internet
620204Repairs and maintenance
6203Government fees
620301Iqama and work permit fees
620302Commercial registration and chamber fees
620303Municipality and license fees
6204Other administrative expenses
620401Professional and audit fees
620402Stationery and printing
620403Software and system subscriptions
63Depreciation and amortization
6301Depreciation and amortization
630101Depreciation - Showroom improvements
630102Depreciation - Vehicles
630103Depreciation - Furniture and fixtures
630104Depreciation - Computers
630105Amortization of software and licenses
630106Depreciation of right-of-use assets
64Credit losses
6401Credit losses
640101Expected credit loss expense
7Other expenses and Zakat
71Finance costs
7101Finance costs
710101Bank charges and commissions
710102Finance and loan costs
710103Lease finance costs
72Other expenses
7201Other expenses
720101Losses on disposal of fixed assets
720102Penalties
73Zakat and income tax
7301Zakat and income tax
730101Zakat expense
730102Income tax expense
The numbering is a suggestion. What matters most is that it stays consistent and that you leave gaps between codes to add accounts later.