Chart of Accounts

24 accounts · grouped by class for SFRS reporting

Assets

$437,940.00

What the company owns

Liabilities

$108,620.00

What the company owes

Equity

$171,830.00

Owners' stake

Income

$485,550.00

Money in

Cost of Sales

$63,020.00

Direct costs

Expenses

$247,900.00

Operating costs

Code	Account name	Type	Balance
1000	Bank – DBS Current	Bank	$287,540.00
1010	Bank – OCBC Savings	Bank	$64,200.00
1020	Petty Cash	Cash	$1,200.00
1100	Accounts Receivable	Current Asset	$48,200.00
1200	Inventory	Current Asset	$22,400.00
1500	Office Equipment	Fixed Asset	$18,600.00
1510	Accumulated Depreciation	Fixed Asset	-$4,200.00

Code	Account name	Type	Balance
2000	Accounts Payable	Current Liability	$31,400.00
2100	GST Payable	Tax	$28,400.00
2200	CPF Payable	Payroll Liability	$6,820.00
2500	Loan Payable – OCBC	Long-term Liability	$42,000.00

Code	Account name	Type	Balance
3000	Share Capital	Equity	$100,000.00
3100	Retained Earnings	Equity	$71,830.00

Code	Account name	Type	Balance
4000	Revenue – Sales	Revenue	$482,350.00
4100	Other Income	Revenue	$3,200.00

Code	Account name	Type	Balance
5000	Purchases	Direct Cost	$58,200.00
5100	Freight & Shipping	Direct Cost	$4,820.00

Staff Costs

Salaries, CPF, bonuses, allowances

$124,000.00

Code	Account name	Type	Balance
6000	Salary Expense	Operating	$124,000.00

Operating Expenses

Rental, utilities, repairs, direct ops

$71,040.00

Code	Account name	Type	Balance
6010	Rental Expense	Operating	$64,800.00
6030	Utilities	Operating	$6,240.00

Admin Expenses

Software, office, professional fees

$48,740.00

Code	Account name	Type	Balance
6040	Software Subscriptions	Operating	$8,920.00
6090	Miscellaneous Expense	Operating	$38,700.00
6900	Suspense Account	Clearing	$1,120.00

Finance Costs

Bank charges, interest, FX losses

$4,120.00

Code	Account name	Type	Balance
6020	Bank Charges	Operating	$4,120.00