Back to accounting
Phase 7A · Bookkeeping core
Chart of accounts
Standard chart applied across every entity in the consolidated group. Phase 7A wires the journal + transaction layer; Phase 7B adds reporting; Phase 7F brings a Xero/MYOB read adapter for entities that stay on external ledgers.
Asset
3
Liability
4
Equity
2
Revenue
3
Cost of services
1
Expense
5
Asset
3 accounts- 100Cash at bankasset
- 110Trade receivablesasset
- 150Prepaymentsasset
Liability
4 accounts- 200Trade payablesliability
- 210GST liabilityliability
- 220PAYG withholdingliability
- 230Div 7A loan payableliability
Equity
2 accounts- 300Share capitalequity
- 310Retained earningsequity
Revenue
3 accounts- 400Trading revenuerevenue
- 410Service feesrevenue
- 420IP licensing incomerevenue
Cost of services
1 account- 500Cost of servicescogs
Expense
5 accounts- 600Insuranceexpense
- 610Subscriptionsexpense
- 620Professional feesexpense
- 630Travelexpense
- 640Officeexpense
Coming in Phase 7
Per-entity chart customisations, journal entries, transaction tagging, GST treatment per account, intra-group elimination rules, BAS-prep mapping, and the Xero/MYOB read adapter.