The following article outlines all default accounts in the Chart of Accounts in Simple Invest 360.
- For the list of default accounts in Simple Fund 360, see: Global Chart of Accounts - SF360
The Chart of Accounts in Simple Invest 360
The chart of accounts is a list of all accounts used by an entity. It is used to further define particular classes of transactions. Each account in the chart of accounts will have its own unique account code and account name. The classes of transactions are further broken down into:
- Income
- Expenses
- Taxation/Allocation
- Beneficiary (Applicable to Trust only)
- Equity
- Assets
- Investments
- Liabilities
- Clearing accounts
Default Global Chart of Accounts in Simple Invest 360
The following table is a list of all accounts which will form your Global Chart of Accounts before any entities are added. Depending on the entity type (Trust or Company), accounts specific to Trust/Company marked in different colors will be added corresponding.
| Account Code | Account Class | Account Name | Account Type |
|---|---|---|---|
| 23800 | Control | Distributions Received | Income |
| 23900 | Control | Dividends Received | Income |
| 24000 | Control | Private dividends and other excessive non-arms length income | Income |
| 24700 | Normal | Changes in Market Values of Investments | Income |
| 24800 | Normal | Changes in Market Values of Other Assets | Income |
| 25000 | Control | Interest Received | Income |
| 25100 | Normal | Interest Received ATO General Interest Charge | Income |
| 25200 | Control | Income in Advance | Income |
| 25500 | Control | Lease and Hire Income | Income |
| 26500 | Control | Other Investment Income | Income |
| 27000 | Control | Partnership Distributions Received | Income |
| 27800 | Control | Profit/(Loss) on disposal of depreciable assets | Income |
| 27850 | Control | Profit/(Loss) on disposal of leased depreciable assets | Income |
| 28000 | Control | Property Income | Income |
| 30100 | Normal | Accountancy Fees | Expense |
| 30200 | Normal | Administration Costs | Expense |
| 30500 | Normal | Advertising | Expense |
| 30700 | Normal | Auditor's Remuneration | Expense |
| 30800 | Normal | ASIC Fees | Expense |
| 30900 | Normal | Advisor Fees | Expense |
| 31500 | Normal | Bank Charges | Expense |
| 32800 | Normal | Commission | Expense |
| 33400 | Control | Depreciation | Expense |
| 35000 | Normal | General Expenses | Expense |
| 37500 | Control | Investment Expenses | Expense |
| 37700 | Normal | Interest Paid - ATO General Interest | Expense |
| 37900 | Normal | Interest Paid | Expense |
| 38000 | Normal | Insurance | Expense |
| 38200 | Normal | Fines | Expense |
| 38700 | Normal | Legal Fees | Expense |
| 39700 | Normal | Light and Power - All Properties | Expense |
| 39900 | Normal | Portfolio Management Fees | Expense |
| 41800 | Normal | Postage, Printing and Stationery | Expense |
| 41910 | Normal | Property Expenses - Non Specified | Expense |
| 41920 | Control | Property Expenses - Advertising | Expense |
| 41930 | Control | Property Expenses - Agents Management Fees | Expense |
| 41940 | Control | Property Expenses - Agents Commissions | Expense |
| 41950 | Control | Property Expenses - Cleaning | Expense |
| 41960 | Control | Property Expenses - Council Rates | Expense |
| 41965 | Control | Property Expense - Electricity and Gas | Expense |
| 41970 | Control | Property Expenses - Garden and Lawn | Expense |
| 41980 | Control | Property Expenses - Insurance Premium | Expense |
| 41990 | Control | Property Expenses - Interest on Deposit Paid | Expense |
| 42000 | Control | Property Expenses - Interest on Late Settlement Paid | Expense |
| 42010 | Control | Property Expenses - Interest on Loans | Expense |
| 42020 | Control | Property Expenses - Land Tax | Expense |
| 42030 | Control | Property Expenses - Legal Fees | Expense |
| 42040 | Control | Property Expenses - Pest Control | Expense |
| 42050 | Control | Property Expenses - Property Capital Improvement | Expense |
| 42060 | Control | Property Expenses - Repairs Maintenance | Expense |
| 42070 | Control | Property Expenses - Settlement Agent Fees | Expense |
| 42080 | Control | Property Expenses - Stamp Duty | Expense |
| 42090 | Control | Property Expenses - Stationery, Phone and Postage | Expense |
| 42100 | Control | Property Expenses - Strata Levy Fees | Expense |
| 42110 | Control | Property Expenses - Sundry Expenses | Expense |
| 42120 | Control | Property Expenses - Title Fees | Expense |
| 42130 | Control | Property Expenses - Travel | Expense |
| 42140 | Control | Property Expenses - Vendor Solicitor's Fees | Expense |
| 42150 | Control | Property Expenses - Water Rates | Expense |
| 42235 | Control | Property Expenses - Body Corporate Fees | Expense |
| 43300 | Normal | Salaries and Wages | Expense |
| 44700 | Normal | Telephone | Expense |
| 47500 | Normal | Trustee Fees | Expense |
| 48500 | Normal | Income Tax Expense | Allocation |
| 48600 | Normal | Prior Years Under/Over Provision for Income Tax | Allocation |
| 48800 | Normal | Tax Losses Recouped | Allocation |
| 48900 | Normal | Capital Losses Recouped | Allocation |
| 49000 | Normal | Profit/Loss Allocation Account | Allocation |
| 49350 | Normal | Writeback of FITB/PDIT (Unallocated) | Allocation |
|
49450 |
Control |
Distributions Paid |
Allocation - Trust |
|
49550 |
Control |
Dividends Paid |
Allocation - Company |
|
49560 |
Normal |
Unallocated Dividends |
Allocation - Company |
| 58065 |
Normal |
Investment Revaluation Reserve |
Equity - Individual |
|
58100 |
Normal |
Settled Sum |
Equity - Trust |
|
58200 |
Normal |
Gift |
Equity - Trust |
|
58300 |
Control |
Subscribed Units |
Equity - Trust |
|
58400 |
Control |
Reserve |
Equity - Trust |
|
58500 |
Normal |
Trust Retained Earnings |
Equity - Trust |
|
58540 |
Normal |
Company Retained Earnings |
Equity - Company |
|
58600 |
Control |
Capital |
Equity - Company |
|
58665 |
Normal |
Investment Revaluation Reserve |
Equity - Company |
|
58690 |
Control |
Capital Loss Reserve |
Equity - Company |
|
58700 |
Control |
Opening Balance - Beneficiary |
Beneficiary - Trust |
|
58710 |
Control |
Capital Contributed |
Beneficiary - Trust |
|
58720 |
Control |
Gift |
Beneficiary - Trust |
|
58800 |
Control |
Unpaid Trust Distributions |
Beneficiary - Trust |
|
58900 |
Control |
Funds loaned to Trust |
Beneficiary - Trust |
|
58950 |
Control |
Drawings |
Beneficiary - Trust |
| 60100 | Control | Amounts owing by Other Persons | Asset |
| 60400 | Control | Bank Accounts | Asset - Bank |
| 60800 | Control | Term Deposits | Asset - Bank |
| 61600 | Control | Contributions Receivable | Asset |
| 61800 | Control | Distributions Receivable | Asset |
| 62000 | Control | Dividends Receivable | Asset |
| 62500 | Normal | Dividend Reinvestment - Residual Account | Asset |
| 62550 | Control | Reinvestment Residual Account | Asset |
| 64000 | Normal | Formation Expenses | Asset |
| 65000 | Control | Interest Receivable | Asset |
| 65500 | Normal | Other Assets | Asset |
| 66000 | Normal | Prepaid Expenses | Asset |
| 68000 | Normal | Sundry Debtors | Asset |
| 70040 | Control | Cryptocurrency | Investment |
| 71000 | Control | Collectables (Coins, Stamps, Wine and Other Personal Use Assets) | Investment |
| 72000 | Control | Debt Securities (Bonds, Bills of Exchange, Promissory Notes) | Investment |
| 72300 | Control | Derivatives (Options, Hybrids, Future Contracts) | Investment |
| 72350 | Control | Farming Property | Investment |
| 72400 | Control | Fixed Interest Securities (Australian) | Investment |
| 72450 | Control | Fixed Interest Securities (Australian) - Unitised | Investment |
| 72500 | Control | Fixed Interest Securities (Overseas) | Investment |
| 72550 | Control | Fixed Interest Securities (Overseas) - Unitised | Investment |
| 72600 | Control | Fixtures and Fittings (at written down value) | Investment |
| 72650 | Control | Fixtures and Fittings (at written down value) - Unitised | Investment |
| 72800 | Control | Government Securities (Australian) | Investment |
| 72900 | Control | Government Securities (Overseas) | Investment |
| 73000 | Control | Hybrid Securities with Debt (Swaps, futures contracts, Options.) | Investment |
| 73200 | Control | Interests in Partnerships (Australian) | Investment |
| 73300 | Control | Interests in Partnerships (Overseas) | Investment |
| 73800 | Control | Leased Assets | Investment |
| 73850 | Control | Leased Assets - Unitised | Investment |
| 73900 | Control | Limited Recourse Borrowing Arrangements | Investment |
| 74000 | Control | Insurance Policies | Investment |
| 74050 | Control | Insurance Policies - Unitised | Investment |
| 74200 | Control | Loans to Associated Entities (In house loans) | Investment |
| 74250 | Control | Loans to Associated Entities (In house loans) - Unitised | Investment |
| 74700 | Control | Managed Investments (Australian) | Investment |
| 74800 | Control | Managed Investments (Overseas) | Investment |
| 75000 | Control | Mortgage Loans (Australian) | Investment |
| 75100 | Control | Mortgage Loans (Overseas) | Investment |
| 75500 | Control | Motor Vehicles (at written down value) | Investment |
| 75550 | Control | Motor Vehicles (at written down value) - Unitised | Investment |
| 76000 | Control | Other Assets | Investment |
| 76100 | Control | Other Investments | Investment |
| 76200 | Control | Farming Equipment | Investment |
| 76500 | Control | Plant and Equipment (at written down value) | Investment |
| 76550 | Control | Plant and Equipment (at written down value) - Unitised | Investment |
| 76800 | Control | Pooled Superannuation Trust | Investment |
| 77200 | Control | Real Estate Properties ( Australian - Residential) | Investment |
| 77250 | Control | Real Estate Properties (Australian - Non Residential) | Investment |
| 77300 | Control | Real Estate Properties (Overseas - Residential) | Investment |
| 77350 | Control | Real Estate Properties (Overseas - Non Residential) | Investment |
| 77600 | Control | Shares in Listed Companies (Australian) | Investment |
| 77700 | Control | Shares in Listed Companies (Overseas) | Investment |
| 77800 | Control | Shares in Unlisted Private Companies (Australian) | Investment |
| 77900 | Control | Shares in Unlisted Private Companies (Overseas) | Investment |
| 78000 | Control | Stapled Securities | Investment |
| 78200 | Control | Units in Listed Unit Trusts (Australian) | Investment |
| 78300 | Control | Units in Listed Unit Trusts (Overseas) | Investment |
| 78400 | Control | Units in Unlisted Unit Trusts (Australian) | Investment |
| 78500 | Control | Units in Unlisted Unit Trusts (Overseas) | Investment |
| 80500 | Control | Amounts owing to other persons | Liability |
| 81000 | Control | Interest Accrued | Liability |
| 83000 | Control | Investment Liabilities | Liability |
| 84000 | Normal | GST Payable/Refundable | Liability |
| 84500 | Normal | Income in Advance | Liability |
| 85000 | Normal | Income Tax Payable | Liability |
| 86000 | Normal | PAYG Payable | Liability |
| 88000 | Normal | Sundry Creditors | Liability |
| 89000 | Normal | Deferred Tax Liability | Liability |
| 89990 | Normal | Migration Suspense Account | Liability |
| 91000 | Normal | Bank Data Clearing Account | Unallocated |
| 92000 | Normal | Investment Income Data Clearing Account | Unallocated |
| 94910 | Normal | Investment Movement Data Clearing Account | Unallocated |
| 99800 | Normal | Unspecified Data Clearing Account | Unallocated |
| 99900 | Normal | Manual Suspense Account | Unallocated |