Summary of MYOB Standard Chart of Accounts (NZ)

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

Chart of Accounts MAS.pdf