Yes. But first, let me familiarize you with the meaning of Chart of Accounts.

Meaning of Chart of Accounts

Chart of Accounts is a numbered listing (account codes) of the various accounts that form part of the accounting records of an entity. The codes used help to group similar accounts together. For eg. if you want to see only the operating expenses incurred. In this case, you need to enter only the range code assigned to operating expenses & you will get all the operating expenses transactions together at one place.

Chart of Accounts varies from one entity to another depending on the size of the entity.

Example of Chart of Accounts

In the example given below, 1st digit of the numeric codes signifies different account types. “1” represents assets, “2” represents liabilities, “3” represents equity, “4” represents revenues, & “5” represents expenses.

A downloadable excel sheet has been attached for your reference.

Example of Chart of Accounts