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Global Chart of Accounts

  • Updated

The following article outlines all default accounts in the Chart of Accounts in Simple Fund 360.

The Chart of Accounts in SF360  

The chart of accounts is a list of all accounts used by a fund. 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
  • Member accounts
  • Assets
  • Investments
  • Liabilities
  • Clearing accounts

Default Global Chart of Accounts in Simple Fund 360  

The following is a list of all accounts which will form your Global Chart of Accounts before any funds are added: 

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
24200 Control Contributions Income - Member
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
27500 Control Proceeds from Insurance Policies Income - Member
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
28500 Control Transfers In Income - Member
30075 Normal Actuarial Fee Expense 
30100 Normal Accountancy Fees Expense
30200 Normal Administration Costs Expense
30400 Normal ATO Supervisory Levy 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
39000 Control Life Insurance Premiums Expense - Member
39300 Control Life Insurance Premiums (Non Deductible) Expense - Member
39400 Control Income Protection Premiums Expense - Member
39450 Control Income Protection Premiums (Non Deductible) Expense - Member
39500 Control Total and Permanent Disability Premiums Expense - Member
39550 Control Total and Permanent Disability Premiums (Non Deductible) Expense - Member
39600 Control Death Cover Premiums Expense - Member
39650 Control Death Cover Premiums (Non Deductible) Expense - Member
39700 Normal Light and Power - All Properties Expense
39900 Normal Portfolio Management Fees Expense
40000 Control Management Fees Expense - Member
40500 Control Members Expenses Expense - Member
41600 Control Pensions Paid Expense - Member
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
44000 Control Excess Contributions Tax Expense - Member
44700 Normal Telephone Expense
46000 Control Benefits Paid/Transfers Out Expense - Member
46600 Control Refund Excess Contributions Expense - Member
47500 Normal Trustee Fees Expense
48100 Control Division 293 Tax Expense - Member
48500 Normal Income Tax Expense Allocation
48600 Normal Prior Years Under/Over Provision for Income Tax Allocation
48700 Control Contributions Tax (Surcharge) Allocation - Member
48800 Normal Tax Losses Recouped Allocation
48900 Normal Capital Losses Recouped Allocation
49000 Normal Profit/Loss Allocation Account Allocation
49300 Control Writeback of Deferred Tax Allocation - Member
49350 Normal Writeback of FITB/PDIT (Unallocated) Allocation
50010 Control Opening Balance Member
51900 Control Division 293 Tax Member
52420 Control Contributions Member
52850 Control Transfers In Member
53100 Control Share of Profit/(Loss) Member
53330 Control Income Tax Member
53500 Control No TFN Excess Contributions Tax Member
53800 Control Contributions Tax Member
53900 Control Insurance Policy Proceeds Member
53940 Control Income Protection Premiums Member
53960 Control Total and Permanent Disability Premiums Member
53980 Control Death Cover Premiums Member
54160 Control Pensions Paid Member
54500 Control Benefits Paid/Transfers Out Member
55700 Control Superannuation Surcharge Tax Member
53920 Control Life Insurance Premiums Member
54000 Control Management Fees Member
54050 Control Members Expenses Member
55100 Control Excess Contributions Tax Member
56100 Control Internal Transfers In Member
57100 Control Internal Transfers Out Member
58000 Control Refund Excess Contributions Member
59100 Control Anti-Detriment Reserve Member - Reserve
59200 Control Contribution Reserve Member - Reserve
59300 Control Investment Reserve Member - Reserve
59400 Control Pension Reserve Member - Reserve
59500 Control Self-Insurance Reserve Member - Reserve
59600 Normal Unallocated Anti-Detriment Reserve Member - Reserve
59650 Normal Unallocated Contribution Reserve Member - Reserve
59700 Normal Unallocated Investment Reserve Member - Reserve
59750 Normal Unallocated Pension Reserve Member - Reserve
59800 Normal Unallocated Self-Insurance Reserve Member - Reserve
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 Superanutaion 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
85500 Control Limited Recourse Borrowing Arrangements 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
94920 Normal Member Data Clearing Account Unallocated
94930 Normal Pension Data Clearing Account Unallocated
99800 Normal Unspecified Data Clearing Account Unallocated
99900 Normal Manual Suspense Account Unallocated

 

 

 

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