New Zealand only
An MYOB standard chart is the master chart of accounts template provided in your MAS 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.
AO Classic GL - Standard chart of accounts (All entities)
| Account code range | Description |
|---|
| 010 – 099 | Other farm produce trading accounts |
| 100 – 169 | Farm livestock accounts |
| 170 – 175 | Other farm income |
| 176 – 199 | Farm working expenses |
| 200 – 269 | Trading accounts |
| 200 – 209 | Trading sales |
| 220 – 229 | Cost of goods |
| 230 – 249 | Direct costs |
| 250 – 259 | Opening stock / WIP |
| 260 – 269 | Closing stock |
| 270 – 279 | Non-trading revenue |
| 280 – 476 | Expenses |
| 477 – 479 | Depreciation |
| 480 – 482 | Tax adjustments, provisions |
| 485 – 489 | Non-deductible expenses |
| 491 – 493 | Extraordinary items |
| 495 – 499 | Spare |
| 500 – 589 | Shareholder accounts |
| 590 – 599 | Detailed intercompany accounts |
| 600 – 729 | Current asset |
| 600 – 629 | Bank accounts / 'swinging' accounts |
| 630 – 630/99 | GST |
| 631 – 631/99 | TAX |
| 632 – 699 | Other current assets |
| 700 – 729 | Trading stock |
| 730 – 799 | Non-current assets |
| 730 – 749 | Fixed assets |
| 750 – 779 | Investments |
| 780 – 789 | Investment property |
| 790 – 799 | Intangibles |
| 800 – 849 | Current liabiltities |
| 850 – 909 | Non-current liabilities |
| 850 – 889 | Term loans from bank |
| 890 – 899 | Provisions |
| 900 – 909 | Hire purchase/finance lease |
| 910 – 950 | Equity |
| 910 – 919 | Capital |
| 920 – 929 | Realised capital reserves |
| 930 – 948 | Unrealised capital reserves |
| 949 | Retained earnings |
| 970 – 999 | Information accounts |
AE MAS - Standard chart of accounts (all entities)
| Account code range | Description |
|---|
| 100 – 189 | Livestock accounts |
| 170 – 183 | Other farm revenue |
| 184 – 185 | Repairs and maintenance |
| 186 – 189 | Farm produce |
| 190 – 199 | Professional income |
| 200 – 218 | Other income |
| 211 – 214 | Sale of fixed assets |
| 219 – 229 | Rental accounts |
| 230 – 249 | Sales |
| 250 – 279 | Cost of sales |
| 250 – 259 | Opening stock |
| 260 – 269 | Closing stock |
| 270 – 279 | Purchases |
| 280 – 299 | Direct costs |
| 300 – 480 | Overhead expenses |
| 330 – 338 | Depreciation |
| 481 – 499 | Equity |
| 488 – 490 | Trust distributions |
| 500 00 – 500 99 | Trust capital |
| 501 – 599 | Shareholder/partner/beneficiary |
| 600 – 619 | Capital |
| 620 – 630 | Reserves |
| 638 – 639 | Retained earnings/profit (loss) for the period (companies and non-profit organisations only) |
| 641 – 648 | Imputation (for imputation note) |
| 649 – 659 | Analysis of trust equity |
| 660 – 729 | Current assets |
| 710 – 719 | Livestock on hand |
| 720 – 729 | Stock on hand |
| 730 – 760 | Fixed assets |
| 770 – 799 | Investments |
| 802 – 812 | Intangible assets |
| 813 – 853 | Current liabilities |
| 817 – 818 | Taxation |
| 850 – 853 | GST |
| 854 – 884 | Non-current liabilities |
| 885 – 893 | Tax (For tax note only) |
| 899 – 905 | Suspense |
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