Global Accounting Chart for Small Medium Enterprises (SME)

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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.

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

 

Section Group Account Description
*     BALANCE SHEET
       
1     ASSETS
       
    1000 Cash on hand
    1020 Bank account
  100   Cash and cash equivalents
       
    1060 Bonds and stocks
  106   Short-term Assets listed in Stock Exchange
       
    1090 Internal transfers
    1091 Transfer account for salaries
    1099 Amounts to be clarified
  109   Transfer accounts
       
    1100 Due from Clients or Debtors
    1109 Provision for Doubtful Debts
  110   Accounts receivable
       
    1140 Advances and loans
    1176 Withholding tax
    1180 Receivables from social insurances and social security institutions
    1188 Source tax
    1190 Various short-term receivables
    1199 Securities
  114   Other short-term receivables
       
    1200 Goods for resale
    1210 Raw materials
    1220 Auxiliary material
    1230 Consumables
    1260 Finished products
    1270 In-process products
    1280 Non-invoiced services
  120   Inventories
       
    1300 Prepaid expenses
    1301 Accrued income
  130   Prepaid Expenses
       
  10   Current assets
       
    1400 Bonds and stocks
    1440 Loans
    1460 Loan to share-holder
  140   Financial assets
       
    1480 Investments
  148   Investments
       
    1500 Machinery
    1510 Office furniture and equipment
    1520 Office machinery, information and communication technology
    1530 Motor vehicles
    1540 Tools and equipment
  150   Tangible assets
       
    1600 Commercial buildings
  160   Tangible fixed asset management
       
    1700 Patents, know-how, licences, rights and development
    1710 Brands
    1712 Models
    1770 Goodwill
  170    Intangible fixed assets
       
    1850 Share capital, rights not paid or non-paid Foundation capital
  180   Capital or non-paid Foundation capital
       
  14   Fixed Assets
       
  1   Total Assets
       
       
2     LIABILITIES
       
    2000 Suppliers or creditors
    2030 Deposits received
  200   Suppliers or creditors
       
    2100 Due to banks short/term
    2120 Financial leasing commitments
    2140 Other onerous debts
  210   Short-term onorous debts
       
    2206 Withholding tax
    2208 Direct taxes
    2210 Other short-term debts
    2260 Due to share-holders
    2261 Dividends
    2270 Social insurances and social security institutions
    2279 Source tax
  220   Other short-term debts
       
    2300 Accrued expenses
    2301 Next year's revenues collected
    2330 Short-term provisions
  230   Accruals and deferred income
       
  20   Short-term third party capital
       
    2400 Due to banks 
    2420 Financial leasing commitments
    2430 Debenture loans
    2450 Loans
    2451 Mortgage
  240   Long-term onorous debts
       
    2500 Other long-term debts (non-onorous)
  250   Other long-term debts
       
    2600 Provisions
  260   Provisions and similar statutory posts
       
  24   Long-term third party capital
       
  2A   Third party capital
       
    2800 Share capital, rights, foundation capital
  280   Capital or capital of the foundation
    2900 Legal reserves
    2940 Revaluation reserves
  290   Legal reserves
    2950 Legal reserve from profit
  295   Legal reserve from profit
    2960 Optional reserves from profit
  296   Optional reserves from profit
    2970 Profit / Loss carried forward
  29A   Profit / Loss for the year
  297   Profit / Loss from Balance Sheet
    2980 Treasury stock, shares, rights of investment (negative)
  298   Treasury stock, shares, rights of investment (negative)
       
  28   Equity
       
  2   Total liabilities
       
       
*     PROFIT & LOSS STATEMENT
4      
    3000 Earnings from own products
    3200 Earnings from resale 
    3400 Earnings from services rendered
    3600 Other revenues and services
    3710 Own consumption
    3800 Decrease in revenues
    3805 Losses on accounts receivable, credit variation
  30   Net revenues from supplies and services
    3900 Change in inventories of in-process products
    3901 Change in inventories of finished products
    3940 Non-invoiced services variations
  39   Change in inventories and Non-invoiced services
  3   Revenues from supplies and services
       
    4000 Raw materials
    4200 Expenses for goods for resale 
    4400 Third party expenses
    4500 Energy consumption for production
    4900 Reduction of costs
  4   Costs for material, goods, services and energy
       
  E1   Gross operating result after deducting costs for materials and goods
       
    5000 Salaries 
    5700 Contribution to old age insurance and unemployment
    5710 Family equalization fund
    5720 Contribution to pension funds
    5730 Contribution to accident insurance
    5740 Contribution to voluntary daily benefits insurance
    5790 Source tax
    5800 Other personnel expenses
    5810 Training of personnel
    5820 Travel and entertainment expenses effective
    5830 Travel and entertainment expense allowance 
    5900 Temporary staff
  5   Personnel expenses
       
  E2   Gross operating result after deducting personnel expenses
       
    6000 Rental
    6040 Cleaning of facilities
  60   Rental
    6100 Maintenance, repairs and replacement of tangible assets
    6105 Leasing costs tangible assets
  61   Maintenance, repairs and replacement of tangible assets
    6200 Repairs
    6210 Fuel
    6220 Car insurance
    6260 Car leasing and rental
    6270 Car costs - private part
    6282 Transportation expenses
  62   Vehicle and transportation expenses
    6300 Insurance for damage of items
  63   Insurance for damage of items
    6402 Electricity
    6410 Heating expenses
    6430 Water
    6460 Garbage
  64   Energy and disposal costs
    6500 Office supplies
    6503 Technical magazines, newspapers, periodicals
    6510 Telephone / internet
    6511 Hosting at third-party
    6513 Postal charges
    6570 IT charges including leasing
    6580 Licenses and updates
    6583 Consumables
  65   Administrative and IT costs
    6600 Advertising
    6642 Gifts to customers
  66   Advertising
    6700 Various costs for the financial year
  67   Various costs for the financial year
  6   Other operating expenses, depreciation, value adjustments and financial results
       
  E3   Operating result before depreciation and value adjustments, financial results and taxes (EBITDA)
       
    6800 Depreciation and value adjustments of fixed assets
  68   Depreciation and value adjustments of fixed assets
       
  E4   Operating result before financial results and taxes (EBIT)
       
    6900 Costs for bank interest
    6940 Bank costs
    6950 Financial revenue
  69   Financial costs and revenue
       
  E5   Operating result before taxes (EBT)
       
    7000 Non-operating revenue
    7010 Non-operating costs
    7500 Corporate real estate revenues
    7510 Corporate real estate costs
  7   Non-operating items
       
    8000 Extraneous costs
    8100 Extraneous revenue
    8500 Extraordinary, unique costs or costs relating to other accounting periods
    8510 Extraordinary, unique revenue or revenue relating to other accounting periods
  8   Results of extraneous, extraordinary or unique character, or for other accounting periods
       
  E6   Profit or loss before taxes
       
    8900 Direct taxes
  89   Direct taxes
       
  E7   Annual profit or loss

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