Page Comparison - Summary of MYOB Standard Chart of Accounts (AU) (v.16 vs v.17) - PS Help: Client Accounting Help

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Australia only.

An MYOB standard chart is the master chart of accounts template provided in your MAS, AE Accounts or AO Classic general ledger software.

Each ledger needs a set of accounts to post transactions to. The "master chart" helps automate the process of setting up accounts by providing a list of accounts, ready for use, for each entity type. This accounts list can then be altered to suit your client's needs. For example, by transferring accounts to the client chart of accounts, or by deleting the accounts you don't need.

Why use an MYOB standard chart?

Statutory Reporter uses an MYOB standard chart of accounts to automate the account mapping process. Account groups are used to determine where the balance of each account should appear in the financial statements.

When generating reports, if you're using an MYOB standard chart, most of the accounts are already mapped for you. But, if you're using a custom chart of accounts, you'll need to map each account to an account group before printing the reports.

Summary of MYOB Standard Charts

Click on the tab below for your ledger product to view a summary of the account ranges in the Master chart of accounts. When printing this article, make sure the tab for your ledger product is selected.

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title	AE MAS

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title	Standard chart of accounts (All entities)

Account code range	Description
100 – 169	Livestock accounts
170 – 187	Other farm income
188 – 189	Equity method income
190 – 196	Professional income
197 – 209	Non-trading income
210 – 215	Sale of non-current assets
216 – 229	Rental accounts
216 – 216 99	Cost of goods
217 – 217 99	Direct costs
218 – 229	Direct rental expense
230 – 279	Trading accounts
230 – 239	Sales
240 – 249	Division headings
250 – 259	Opening stock
260 – 269	Closing stock
270 – 279	Purchases
280 – 299	Manufacturing costs
300 – 479	Overhead expenses
480 – 499	Appropriation & Provision Accounts
500 – 500 99	Trust Funds
501 – 549	Partnership/Beneficiary accounts
550 – 599	Superannuation Fund
600 – 639	Shareholder's Equity
600 – 619	Share capital
620 – 634	Reserves
635 – 637	Consolidation Accounts
638 – 639	Retained Profits
640 – 679	Current Assets (CA)
640 – 653	Cash on Hand
654 – 666	Receivables (CA)
667 – 679	Investments (CA)
680 – 689	Bank Accounts
690 – 699	Receivables (Loan accounts, CA)
700 – 709	Other Current Assets
710 – 729	Inventories (CA)
730 – 869	Non-Current Assets (NCA)
730 – 779	Property, Plant & Equipment
780 – 810	Investments (NCA)
811 – 819	Other Receivables (NCA)
820 – 839	Receivables (Loan accounts, NCA)
840 – 849	Inventories (NCA)
850 – 859	Intangibles
860 – 869	Other Non-current Assets
870 – 919	Current Liabilities (CL)
870 – 889	Accounts Payable and other Financial Liabilities
890 – 899	Tax Accounts
900 – 909	Provisions
910 – 919	Other Current Liabilities
920 – 968	Non-Current Liabilities (NCL)
920 – 939	Accounts Payable and other Financial Liabilities (NCL)
940 – 949	Provisions (NCL)
950 – 967	Other Non-current Liabilities
969	Suspense
970 – 999	Information Accounts

UI Tab

title	AO Classic GL

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title	Standard chart of Accounts (all entities)

Account code range	Description
100 – 169	Livestock accounts
170 – 187	Other farm income
188 – 189	Equity method income
190 – 196	Professional income
197 – 209	Non-trading income
210 – 215	Sale of non-current assets
216 – 229	Rental accounts
216 – 216/99	Cost of goods
217 – 217/99	Direct costs
218 – 229	Direct rental expense
230 – 279	Trading accounts
230 – 239	Sales
240 – 249	Division headings
250 – 259	Opening stock
260 – 269	Closing stock
270 – 279	Purchases
280 – 299	Manufacturing costs
300 – 479	Overhead expenses
480 – 499	Appropriation & Provision Accounts
500 – 50099	Trust Funds
501 – 549	Partnership/Beneficiary accounts
550 – 599	Superannuation Fund
600 – 639	Shareholder's Equity
600 – 619	Share capital
620 – 634	Reserves
635 – 637	Consolidation Accounts
638 – 639	Retained Profits
640 – 679	Current Assets (CA)
640 – 653	Cash on Hand
654 – 666	Receivables (CA)
667 – 679	Investments (CA)
680 – 689	Bank Accounts
690 – 699	Receivables (Loan accounts, CA)
700 – 709	Other Current Assets
710 – 729	Inventories (CA)
730 – 869	Non-Current Assets (NCA)
730 – 779	Property, Plant & Equipment
780 – 810	Investments (NCA)
811 – 819	Other Receivables (NCA)
820 – 839	Receivables (Loan accounts, NCA)
840 – 849	Inventories (NCA)
850 – 859	Intangibles
860 – 869	Other Non-current Assets
870 – 919	Current Liabilities (CL)
870 – 899	Creditors and Borrowings
900 – 909	Provisions
908/01	GST Collected
908/02	GST Paid
910 – 919	Other Current Liabilities
920 – 968	Non-Current Liabilities (NCL)
920 – 939	Creditors and Borrowings (NCL)
940 – 949	Provisions (NCL)
950 – 967	Other Non-current Liabilities
969	Suspense
970 – 999	Information Accounts

UI Tab

title	AE Accounts

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title	Standard chart of Accounts (all entities)

Group	Account code range	Description
G1	1 – 10	Livestock Trading
G2	11 – 89	Manufacturing Accounts
	11 – 31	Direct Materials
	32 – 39	Direct Labour
	40 – 89	Manufacturing Overheads
G3	90 – 209	Trading Accounts
	90 – 104	Trading Income
	105 – 126	Stock Accounts (DR)
	127 – 139	Stock Accounts (CR)
	140 – 209	Direct Expenses (DR)
G4	210 – 279	Income
G5	280 – 494	Expenses
G6	495 – 517	Non-operating Income and Expenses
	495 – 509	Non-operating Income
	510 – 517	Non-operating Expenses
G7	518 – 521	Income Tax
G8	522 – 549	Extraordinary Items and Appropriations
	522 – 525	Extraordinary Items
	526 – 527	Minority Interests
	528	Retained Profits
	529	Accumulated Losses
	530 – 534	Transfers from Reserve
	535 – 541	Dividends
	542 – 546	Transfer to Reserves
	547 – 549	Other Appropriations
G9	550 – 559	Authorised Capital
G10	560 – 579	Share Capital and Reserves
	560 – 569	Issued Capital
	570 – 576	Reserves
	577 – 579	Minority Shareholder Interests
G11	580 – 619	Capital and Current Accounts
G12	620 – 649	Alternate Chart Investments
G13	650 – 699	Property Plant and Equipment
	650 – 669	Land and Buildings
	670 – 699	Plant and Equipment
G14	700 – 739	Investments
	700 – 719	Investments (Current)
	720 – 739	Investments (Non-current)
G15	740 – 758	Intangible Assets
G16	760 – 799	Non-current Assets
	760 – 765	Inventories
	766 – 799	Receivables / Other
G17	800 – 899	Current Assets
	800 – 819	Cash
	820 – 869	Receivables
	870 – 891	Inventories
	892	GST on Acquisitions
	893 – 899	Other Current Assets
G18	900 – 959	Current Liabilities
	901	Bank Overdraft
	904 – 916	Accounts Payable
	917 – 923	Interest Bearing Liabilities
	924 – 940	Other Payables
	941 – 948	Other Current Liabilities
	954 – 959	Provisions
G19	960 – 998	Non-Current Liabilities
	960 – 974	Payables
	975 – 984	Interest Bearing Liabilities
	985 – 996	Provisions
	944 – 998	Other
	999	Suspense
G20	1000 – 1099	Automatic Codes (DR)
G20	1000	Current Year Earnings
G21	1101 – 1200	Proprietor's Funds
G22	1201 – 1300	Operating Profit Before Income Tax MPNL
G23	1301 – 1500	Non-Financial Data
G24	1501 – 1550	Lease Commitments

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Check your System Accounts

Summary of MYOB Standard Chart of Accounts (NZ)

Accessing account groups

Account Groups/Tax Account Groups window

Configuring account groups

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Versions Compared

Old Version 16

New Version 17

Key

Why use an MYOB standard chart?

Summary of MYOB Standard Charts

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