Retail Chart of Accounts Template

by Victoria Beard
(Melbourne, Australia )

I cannot find a downloadable template specific for a retail business selling ladies fashion, handbags and accessories. I am actually requiring the Chart of Accounts only not a whole program. Can you help me please?


Regards Victoria

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Victoria,

A sample retail Chart of Accounts for you would look something like this:

Assets:


Cash

Cash in Checking

Cash in Savings

Accounts Receivable

Inventory - fashions

Inventory - handbags

Inventory - accessories

Prepaid Expenses



Liabilities:


Accounts Payable

Loan Payable

Owner Payable



Equity:


Owners Equity(sole proprietor) OR Retained Earnings(other)



Revenue:


Sales-fashions

Sales - handbags

Sales - accessories

Sales Returns

Sales Discounts

Interest Income

Other Income



Cost of Sales: (expense accounts)


Purchases

Purchses Discounts

Freight

Direct Labor



Expenses:


Rent Expense

Telephone Expense

Utilities Expense

Insurance Expense

Advertising Expense

Automotive Expense

Office Expense

Repairs & Maintenance

Other Expenses




This is just a starting point, but I hope it helps you out!

If you have any questions, or further questions, feel free to email me. Use my contact page on the navigation bar.

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Jul 29, 2016
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expense
by: Anonymous

Most retail shops use plastic bags to put the customer's purchases in.

This is not a product that you sell, so it would not be posted to your "Purchases" account. This account is for purchases of the products that you resell.

I would suggest using the Office Expense or Supplies Expense account.

Hope that helps.

Jul 28, 2016
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Plastic bag for retail shop
by: Anonymous

Good Morning to you :)

If plactic bag for retail shop, may i know what is GL code should i charged? It should under purchases or office expenses?

Thank you.

Ting

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