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The sample chart of accounts is divided into the following columns: Record keeping for a small business participant guide money smart for a small business curriculum page 6 of 18 keep good records the term record keeping refers to the orderly and disciplined practice of storing business records.
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Chart of accounts sample pdf.
Chart of accounts varies depending on the size of the company. The account names will depend on your type of business, but the classification and grouping should be similar to the sample. Chart of accounts for small business investment companies a. It is split between bank, income, direct costs, expenses, assets, liabilities and equity. A small business chart of accounts example. A numbering system is used in a chart of accounts to.
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Sole trader set of accounts. Record keeping is one of your most important responsibilities as. This structure, while simple, is.
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