52 digit new chart of account and budget classification
Here is a sample 52-digit chart of accounts and budget classification:
Chart of Accounts:
- Assets
- 1000 Cash and Cash Equivalents
- 1010 Petty Cash
- 1020 Bank Accounts
- 1030 Investments
- 1040 Accounts Receivable
- 1050 Inventory
- 1060 Prepaid Expenses
- 1070 Other Assets
- Liabilities
- 2000 Accounts Payable
- 2010 Accrued Expenses
- 2020 Loans Payable
- 2030 Taxes Payable
- 2040 Other Liabilities
- Equity
- 3000 Common Stock
- 3010 Retained Earnings
- 3020 Treasury Stock
- 3030 Other Equity
- Revenues
- 4000 Sales
- 4010 Service Revenue
- 4020 Interest Income
- 4030 Dividend Income
- 4040 Other Revenues
- Expenses
- 5000 Cost of Goods Sold
- 5010 Operating Expenses
- 5020 Selling and Marketing Expenses
- 5030 General and Administrative Expenses
- 5040 Research and Development Expenses
- 5050 Other Expenses
- Capital Expenditures
- 6000 Property, Plant, and Equipment
- 6010 Intangible Assets
- 6020 Other Capital Expenditures
Budget Classification:
- Personnel
- 1.1 Salaries and Wages
- 1.2 Employee Benefits
- 1.3 Training and Development
- Operating Expenses
- 2.1 Rent and Utilities
- 2.2 Insurance
- 2.3 Travel and Entertainment
- 2.4 Office Supplies and Equipment
- Marketing and Sales
- 3.1 Advertising and Promotion
- 3.2 Sales Commissions
- 3.3 Trade Shows and Events
- Research and Development
- 4.1 Research Expenses
- 4.2 Development Expenses
- Capital Expenditures
- 5.1 Property, Plant, and Equipment
- 5.2 Intangible Assets
- Other Expenses
- 6.1 Miscellaneous Expenses
- 6.2 Contingency Funds
Note that this is just a sample chart of accounts and budget classification, and you may need to modify it to fit your specific organization's needs. Additionally, you may want to consider using a more detailed and granular classification system to better track and manage your finances.