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