Global Accounting Chart - IFRS

The global accounting chart for SME is a IFRS compatible accounting chart specially conceived especially for SME (Small and Medium Enterprises).

• Easy to understand thank to the fact that accounts number follow the presentation.
• Groups numbering have the same sequence of the account numbers.
• Complete but not complex. It covers all the necessities SME, but don't have the complexity typical of accounting charts for large companies.
• Balance sheet and Income and Expenses.
• IFRS (International Financial Reporting Standard) SME compliant.
  The Accounting chart structure and presentation is conform to the rule of the International Financial Reporting Standard for SME.
• Easily adaptable.
• Fully tested.
  This chart of account has been developed by the largest accounting association in Switzerland especially for SME. It has demonstrated to be easy to use and give all important results to companies owners and managers.

Global accounting templates for SME

The global accounting chart is the base for building the Banana Global accounting templates for Small and Medium Enterprise.

• Double entry accounting.
• Multi-currency accounting.
• The templates are available in many languages.
• It can be easily translated if necessary.
• There is a template with many languages together. So you can have the financial statements in different languages.

UndeeUse if Suitable for many countries

Use it in case your country authorities do not mandate a specific accounting chart. Many countries require accounting reporting to be conform to the IFRS rules, but they do not mandate a specific accounting plan or numbering.

A company that desire to keep their accounting in a modern way can adopt this accounting chart and adapt to their own needs.

More information

• Introduction IFRS for SME
• Structure of IFRS for SME
• Reclassification IFRS with Banana
• Excel file structure
• Free Excel model for the IFRS-SME

Balance Sheet - Statement of Financial Position

In SME the cash position is very important, so the presentation start with the account 1000 for Cash.

The group 100 is for Cash and  cash equivalents and 10 for Current assets.

• 1. Assets 
  • 10. Current assets
    • 100. Cash and cash equivalents
    • 106. Short-term Assets listed in Stock Exchange
    • 109. Transfer accounts
    • 110. Accounts receivable
    • 114. Other short-term receivables
    • 120. Inventories
    • 130. Prepaid Expenses
  • 14. Fixed Assets
    • 140. Financial assets
    • 148. Investments
    • 150 . Tangible assets
    • 160. Tangible fixed asset management
    • 170. Intangible fixed assets
    • 180. Capital or non-paid Foundation capital
• 2. Liabilities and Equities
  • 20. Short-term third party capital
    • 200. Suppliers or creditors
    • 210. Short-term onorous debts
    • 220. Other short-term debts
    • 230.  Accruals and deferred income
  • 24. Long-term third party capital
    • 240.  Long-term onorous debts
    • 250.  Other long-term debts
    • 260.  Provisions and similar statutory posts
  • 28. Equity
    • 280.  Capital or capital of the foundation
    • 290.  Legal reserves
    • 295.  Legal reserve from profit
    • 296.  Optional reserves from profit
    • 297.   Profit / Loss from Balance Sheet
    • 298.  Treasury stock, shares, rights of investment (negative)

Statement of Comprehensive Income

The Income and Expense account start with 3000 for revenues and 3 for the Revenue Groups.
The structure is sufficient detailed to satisfy the need of a statement presentation. Depending on the situation other  accounts and groups can be added, to provide a better look of the situation.

• 3. Revenues from supplies and services
  • 30. Net revenues from supplies and services
  • 39. Change in inventories and Non-invoiced services
• 4. Costs for material, goods, services and energy
• E1. Gross operating result after deducting costs for materials and goods
  • 5.  Personnel expenses
• E2. Gross operating result after deducting personnel expenses
  • 6. Other operating expenses, depreciation, value adjustments and financial results
    • 60. Rental
    • 61. Maintenance, repairs and replacement of tangible assets
    • 62. Vehicle and transportation expenses
    • 63. Insurance for damage of items
    • 64. Energy and disposal costs
    • 65. Administrative and IT costs
    • 66. Advertising
    • 67.  Various costs for the financial year
• E3. Operating result before depreciation and value adjustments, financial results and taxes (EBITDA)
  • 68.Depreciation and value adjustments of fixed assets
• E4. Operating result before financial results and taxes (EBIT)
  • 69. Financial costs and revenue
• E5.  Operating result before taxes (EBT)
  • 7. Non-operating items
  • 8. Results of extraneous, extraordinary or unique character, or for other accounting periods
• E6. Profit or loss before taxes
  • 89. Direct taxes
• E7. Annual profit or loss

Full accounting Chart