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)