- Created by KimP, last modified by MathangiS on Feb 11, 2022
https://help.myob.com/wiki/x/8S7nAQ
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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.
| 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 |
| 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 |
| 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) |
| 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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