Standards and regions

Accounting software for IFRS, US GAAP and GCC VAT

Ledgeriano is accounting software that adapts to the framework you report under. Each business picks an accounting standard, a region, a fiscal year and a base currency, then starts from a chart of accounts template built for that combination: IFRS, IFRS for SMEs, US GAAP, European local GAAP or GCC IFRS with VAT and Zakat.

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accounting frameworks: 5
chart of accounts templates: 5
currencies ready out of the box: 20+
fiscal year start month: Any

Supported frameworks

Five frameworks, one ledger engine

The double-entry engine is the same everywhere. What changes per framework is the chart of accounts, the statement categories behind each account and the tax accounts that come ready to use.

IFRS
IFRS
International Financial Reporting Standards for listed and larger private companies. The IFRS template is structured by statement of financial position and profit or loss by function, for trading, service and manufacturing businesses.
SME
IFRS for SMEs
The simplified international standard for private companies without public accountability. Use the IFRS template, or the small business chart when you need fewer accounts.
US
US GAAP
Generally accepted accounting principles in the United States. The template uses four-digit numbering and includes sales tax, payroll taxes (FICA, FUTA, SUTA) and 401(k) liabilities.
EU
European local GAAP
A continental chart based on the French Plan Comptable Général classes 1 to 7 (plus class 8), with suppliers 401, customers 411, VAT 4456/4457, banks 512 and cash 53. Usable with local GAAP and IFRS.
GCC
GCC IFRS with VAT and Zakat
IFRS for companies in the Gulf states, with input, output and reverse-charge VAT, Zakat, end-of-service benefits, GOSI, WPS payroll and post-dated cheques.

Templates give you a correct structure to start from. Your accounting policies, disclosures and tax filings remain your responsibility or your auditor's; Ledgeriano does not certify compliance.

Chart of accounts templates

Pick a template, then make it yours

When a fiscal year is created, Ledgeriano installs the template that matches the business's standard and region, copies last year's chart, or starts empty. Counts are approximate and include group accounts.

Pick a template, then make it yours
Template	Regions	Standards	Accounts	Structure
IFRS, general business	Global, Europe, Asia, Middle East, Americas	IFRS, IFRS for SMEs	~202	Assets `1`, current assets `11`, cash `110`, postable `1101`
US GAAP, general business	Americas, global	US GAAP	~200	Four-digit numbers such as `1000` cash on hand
Continental Europe, PCG classes	Europe	Local GAAP, IFRS	~248	Classes `1` to `7` plus `8`, such as `411` customers
GCC, IFRS with VAT and Zakat	Middle East	GCC IFRS	~213	Six-digit subsidiary codes such as `110101`
Small business, simplified	All regions	All five	~97	The essentials for freelancers and sole traders

Guide: how to design a chart of accounts

Statement presentation

Statements laid out the way IAS 1 expects

Every framework uses the same IAS 1 structure, so a Dubai auditor and a Paris auditor read the same layout: the balance sheet runs from non-current assets to current liabilities, and the income statement is presented by function.

Statement of financial position

Non-current assets
Current assets
Total assets
Equity
Non-current liabilities
Current liabilities
Total equity and liabilities

Income statement by function

Revenue
Cost of sales
Gross profit
Operating expenses
Operating profit
Other income
Finance costs and other expenses
Profit before tax
Income tax
Profit for the period

The cash flow statement uses the indirect method, and every statement can show the prior year next to the current one. Read the financial statements guide for worked examples.

Account structure

Summary accounts, postable accounts and detail on each line

The chart of accounts is a tree: summary accounts add up the accounts below them, and entries are posted to the lowest level. Parties, cost centers and projects on each line then act as detail accounts, so you can see a balance per customer or per project without creating hundreds of accounts.

1AssetsClass
11Current assetsGroup
1101Cash on handPostable
C001Customer or project on the lineDetail

Fiscal years

Fiscal years that start in any month

Each business sets the start and end of its own fiscal years. Most follow January to December, but any start date works, for example 1 April or 1 July, and a first or transition year can run longer than twelve months.

New businesses default to January to December
A subsidiary can run April to March while its holding follows the calendar year
Dates are stored in one format, so reports and the API stay consistent

Guide: closing a fiscal year

Currencies

Your base currency, plus any active currency on entries

Every business reports in one base currency and can record entries in other active currencies at a stored or typed exchange rate. Currencies available out of the box include:

Each currency has its own decimal places (3 for the Kuwaiti dinar, 0 for the Japanese yen), and platform administrators can add more.

Guide: multi-currency accounting

Alternate names

Every account can have a second name

Accounts carry a name and an alternate name, for example the local-language title next to the English one. A local accountant and a foreign shareholder read the same chart, the same codes and the same balances.

Alternate names

Code	Name	Alternate name
1101	Cash on hand	Caisse
1111	Trade receivables	Clients
4101	Sales of goods	Ventes de marchandises

FAQ

Standards and regions questions

Is Ledgeriano suitable for companies in the Gulf?

Yes. The GCC IFRS template includes input, output and reverse-charge VAT, Zakat, end-of-service benefits, GOSI and post-dated cheques, and entries can be recorded in AED, SAR, QAR, KWD, OMR or BHD.

Can I switch from the IFRS template to my own chart?

Yes. After installing a template you can add, rename or deactivate accounts, or start a fiscal year with an empty chart and build it yourself. The next year can copy your chart as it is.

Does Ledgeriano file VAT or Zakat returns?

No. The GCC template includes the accounts you need to track VAT and Zakat, and reports give you the balances, but filing is done with the tax authority.

Can two companies in one group use different standards?

Yes. The standard, fiscal year and base currency are set per business, so a French subsidiary and a Dubai holding company can live under the same login. See multi-entity accounting.

Does inventory costing follow IAS 2?

Yes. The optional inventory and cost accounting module values stock with FIFO, weighted average or standard cost, uses specific identification (IAS 2.23) for lot or serial tracked items that are not interchangeable, carries it at the lower of cost and net realisable value, and absorbs production overhead with predetermined rates. LIFO is not offered. See the inventory valuation and cost accounting guide.

Does Ledgeriano support ZATCA e-invoicing in Saudi Arabia?

No. Ledgeriano does not issue ZATCA-compliant e-invoices (XML with QR code and cryptographic stamp) and does not connect to the FATOORA platform. Use a compliant e-invoicing solution for invoices and keep the books in Ledgeriano. See the ZATCA e-invoicing readiness guide.

How do I account for UAE VAT in Ledgeriano?

Start from the GCC IFRS template, which has input VAT recoverable, output VAT payable, reverse-charge VAT and a VAT settlement account. With the optional inventory module, sales and purchase invoices carry a VAT rate per line and the registers summarise net and VAT by rate. The UAE VAT accounting guide walks through a full quarter.

How is Zakat recorded?

The GCC template has a Zakat expense account and a Zakat payable account, so the provision is a normal journal entry at year end. The Zakat base itself is computed outside the ledger from your balances. See Zakat accounting.

What is the difference between the IFRS and US GAAP templates?

Both follow assets, liabilities, equity, revenue and expenses, but numbering and some lines differ, and the standards differ on points such as LIFO (prohibited under IAS 2, allowed under ASC 330). The IFRS vs US GAAP guide lists the key differences.

Is IFRS 18 supported?

IFRS 18 replaces IAS 1 for annual periods beginning on or after 1 January 2027. Ledgeriano does not yet offer a dedicated IFRS 18 layout; today the income statement is presented by function with gross profit, operating profit and profit before tax, with prior-year comparison.

Start with the chart that fits your country

Create a business, choose your standard and fiscal year, and Ledgeriano installs the matching chart of accounts. New accounts get free credits to get started.

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