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GCC chart of accounts template with VAT and zakat

This GCC chart of accounts follows IFRS and has 213 accounts in four levels, 152 of them posting accounts with 6-digit codes. It adds what Gulf companies need: 110405 Input VAT recoverable, 210301 Output VAT payable, 210302 reverse charge on imports, 210304 Zakat payable, 810101 Zakat expense and end-of-service benefit accounts.

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Accounts: 213
Posting accounts: 152
Levels: 4
Top-level classes: 8

Top-level classes

1
Assets
63 accounts below
2
Liabilities
44 accounts below
3
Equity
18 accounts below
4
Revenue
9 accounts below
5
Cost of revenue
11 accounts below
6
Operating expenses
35 accounts below
7
Other income, expenses and finance
20 accounts below
8
Zakat and income tax
5 accounts below

How the 6-digit codes are built

Each level adds digits: 1 Assets, 11 Current assets, 1104 a line item and 110405 Input VAT recoverable. Posting accounts always have six digits, which leaves 99 slots under every line item for your own accounts.

Classes follow IFRS statements: 1 assets, 2 liabilities, 3 equity, 4 revenue, 5 cost of revenue, 6 operating expenses, 7 other income, expenses and finance, and 8 Zakat and income tax, so zakat and corporate tax are shown together below profit before tax.

Tax and GCC-specific accounts
Code	Account	Purpose
110405	Input VAT recoverable	VAT paid on purchases that you can reclaim
210301	Output VAT payable	VAT charged on standard-rated sales
210302	VAT on imports: reverse charge	Self-assessed VAT on imported goods and services
210303	VAT settlement account	Clears input against output VAT for each return
210304	Zakat payable	Zakat liability until paid
220301	Provision for employees' end-of-service benefits	Gratuity obligation
610105	End-of-service benefits expense	Annual charge for the provision
810101	Zakat expense	Zakat charge for the year
810102	Current income tax expense	Corporate income tax, where it applies

Recording VAT and zakat with these accounts

A standard-rated sale credits 410101 Sales of goods (standard-rated) with the net amount and 210301 with the VAT. A purchase debits the expense or inventory and 110405 with recoverable VAT. When you file, move both balances to 210303 and pay or reclaim the net. Use the VAT calculator to split gross amounts.

Zakat is accrued during the year as 810101 Zakat expense against 210304 Zakat payable. The zakat calculator gives an estimate of the base and charge; the final figure comes from your zakat return.

Which businesses it fits

Trading, service and contracting companies in the UAE, Saudi Arabia, Bahrain, Oman, Qatar and Kuwait that report under IFRS. Companies in countries without VAT simply leave the VAT accounts unused; nothing else depends on them.

Fifteen contra accounts (accumulated depreciation, allowances, returns) and seventeen accounts that require a customer or supplier, such as 110201 Trade receivables and 210101 Trade payables, are already flagged.

Full account list

Indentation shows the hierarchy. Entries are posted to the lowest level; higher levels only add up their children.

GCC chart of accounts (IFRS, VAT, zakat)
Code	Account	Type	Notes
1	Assets	Asset
11	Current assets	Asset
1101	Cash and cash equivalents	Asset
110101	Cash on hand	Asset	Posting
110102	Petty cash	Asset	Posting
110103	Bank: main current account (local currency)	Asset	Posting
110104	Bank: USD account	Asset	Posting
110105	Bank: WPS payroll account	Asset	Posting
110106	Short-term Murabaha and term deposits	Asset	Posting
110107	Card and payment gateway clearing	Asset	Posting
1102	Trade and other receivables	Asset
110201	Trade receivables	Asset	Posting · Customer or supplier required
110202	Post-dated cheques received	Asset	Posting · Customer or supplier required
110203	Retentions receivable	Asset	Posting · Customer or supplier required
110204	Allowance for expected credit losses	Asset	Posting · Contra
110205	Employee advances and loans	Asset	Posting · Customer or supplier required
110206	Due from related parties	Asset	Posting · Customer or supplier required
110207	Other receivables	Asset	Posting · Customer or supplier required
1103	Inventories	Asset
110301	Raw materials	Asset	Posting
110302	Work in progress	Asset	Posting
110303	Finished goods	Asset	Posting
110304	Merchandise inventory	Asset	Posting
110305	Goods in transit	Asset	Posting
110306	Provision for slow-moving and obsolete inventory	Asset	Posting · Contra
1104	Prepayments and other current assets	Asset
110401	Prepaid expenses	Asset	Posting
110402	Prepaid rent	Asset	Posting
110403	Prepaid medical insurance	Asset	Posting
110404	Advances to suppliers	Asset	Posting · Customer or supplier required
110405	Input VAT recoverable	Asset	Posting
110406	Refundable deposits and guarantees	Asset	Posting
12	Non-current assets	Asset
1201	Property, plant and equipment	Asset
120101	Land	Asset	Posting
120102	Buildings	Asset	Posting
120103	Leasehold improvements	Asset	Posting
120104	Machinery and equipment	Asset	Posting
120105	Motor vehicles	Asset	Posting
120106	Furniture and fixtures	Asset	Posting
120107	Computer equipment	Asset	Posting
120108	Capital work in progress	Asset	Posting
1202	Accumulated depreciation	Asset
120201	Accumulated depreciation: buildings	Asset	Posting · Contra
120202	Accumulated depreciation: leasehold improvements	Asset	Posting · Contra
120203	Accumulated depreciation: machinery and equipment	Asset	Posting · Contra
120204	Accumulated depreciation: motor vehicles	Asset	Posting · Contra
120205	Accumulated depreciation: furniture and fixtures	Asset	Posting · Contra
120206	Accumulated depreciation: computer equipment	Asset	Posting · Contra
1203	Intangible assets	Asset
120301	Goodwill	Asset	Posting
120302	Software and ERP licences	Asset	Posting
120303	Trade licences and trademarks	Asset	Posting
120304	Accumulated amortisation: intangible assets	Asset	Posting · Contra
1204	Right-of-use assets	Asset
120401	Right-of-use assets: offices and warehouses	Asset	Posting
120402	Right-of-use assets: vehicles	Asset	Posting
120403	Accumulated depreciation: right-of-use assets	Asset	Posting · Contra
1205	Investments and other non-current assets	Asset
120501	Investments in associates and joint ventures	Asset	Posting
120502	Financial assets at fair value through OCI	Asset	Posting
120503	Investment property	Asset	Posting
120504	Deferred tax assets	Asset	Posting
120505	Long-term security deposits	Asset	Posting
2	Liabilities	Liability
21	Current liabilities	Liability
2101	Trade and other payables	Liability
210101	Trade payables	Liability	Posting · Customer or supplier required
210102	Post-dated cheques issued	Liability	Posting · Customer or supplier required
210103	Retentions payable	Liability	Posting · Customer or supplier required
210104	Due to related parties	Liability	Posting · Customer or supplier required
210105	Shareholders' current accounts	Liability	Posting · Customer or supplier required
210106	Other payables	Liability	Posting · Customer or supplier required
2102	Accruals and employee liabilities	Liability
210201	Accrued expenses	Liability	Posting
210202	Salaries payable (WPS)	Liability	Posting
210203	GOSI and social insurance payable	Liability	Posting
210204	Accrued leave salary and air tickets	Liability	Posting
210205	Accrued finance charges	Liability	Posting
2103	VAT, zakat and taxes payable	Liability
210301	Output VAT payable	Liability	Posting
210302	VAT on imports: reverse charge	Liability	Posting
210303	VAT settlement account	Liability	Posting
210304	Zakat payable	Liability	Posting
210305	Corporate income tax payable	Liability	Posting
210306	Withholding tax payable	Liability	Posting
2104	Short-term borrowings	Liability
210401	Bank overdrafts	Liability	Posting
210402	Short-term loans and Murabaha facilities	Liability	Posting
210403	Trust receipts and import financing	Liability	Posting
210404	Current portion of term loans	Liability	Posting
2105	Contract and other current liabilities	Liability
210501	Deferred revenue	Liability	Posting
210502	Advances from customers	Liability	Posting · Customer or supplier required
210503	Lease liabilities: current portion	Liability	Posting
210504	Dividends payable	Liability	Posting · Customer or supplier required
22	Non-current liabilities	Liability
2201	Long-term borrowings	Liability
220101	Long-term bank loans	Liability	Posting
220102	Sukuk issued	Liability	Posting
220103	Loans from shareholders	Liability	Posting · Customer or supplier required
2202	Lease liabilities: non-current	Liability
220201	Lease liabilities: non-current portion	Liability	Posting
2203	Employee benefit obligations	Liability
220301	Provision for employees' end-of-service benefits	Liability	Posting
2204	Other non-current liabilities	Liability
220401	Deferred tax liabilities	Liability	Posting
220402	Provision for asset retirement obligations	Liability	Posting
220403	Long-term payables	Liability	Posting · Customer or supplier required
3	Equity	Equity
31	Capital and reserves	Equity
3101	Share capital	Equity
310101	Paid-up share capital	Equity	Posting
310102	Share premium	Equity	Posting
310103	Treasury shares	Equity	Posting · Contra
3102	Reserves	Equity
310201	Statutory reserve	Equity	Posting
310202	General (voluntary) reserve	Equity	Posting
310203	Fair value reserve	Equity	Posting
310204	Foreign currency translation reserve	Equity	Posting
32	Retained earnings and closing accounts	Equity
3201	Retained earnings	Equity
320101	Retained earnings	Equity	Posting
320102	Profit or loss for the year	Equity	Posting
320103	Dividends declared	Equity	Posting · Contra
3202	Opening and closing accounts	Equity
320201	Opening balance equity	Equity	Posting
320202	Income summary	Equity	Posting
4	Revenue	Revenue
41	Revenue from contracts with customers	Revenue
4101	Operating revenue	Revenue
410101	Sales of goods (standard-rated)	Revenue	Posting
410102	Revenue from services	Revenue	Posting
410103	Contract revenue	Revenue	Posting
410104	Export sales (zero-rated)	Revenue	Posting
4102	Sales returns and discounts	Revenue
410201	Sales returns	Revenue	Posting · Contra
410202	Sales discounts and rebates	Revenue	Posting · Contra
5	Cost of revenue	Expense
51	Cost of revenue	Expense
5101	Cost of goods sold	Expense
510101	Cost of goods sold	Expense	Posting
510102	Direct materials	Expense	Posting
510103	Direct labour	Expense	Posting
510104	Freight, customs duties and clearing	Expense	Posting
510105	Inventory write-downs	Expense	Posting
510106	Purchase discounts	Expense	Posting · Contra
5102	Cost of services and projects	Expense
510201	Subcontractor costs	Expense	Posting
510202	Direct project costs	Expense	Posting
6	Operating expenses	Expense
61	Staff costs	Expense
6101	Salaries and benefits	Expense
610101	Basic salaries	Expense	Posting
610102	Housing allowance	Expense	Posting
610103	Transportation allowance	Expense	Posting
610104	GOSI and social insurance contributions	Expense	Posting
610105	End-of-service benefits expense	Expense	Posting
610106	Leave salary and air tickets	Expense	Posting
610107	Medical insurance	Expense	Posting
610108	Visa, residency and labour permit fees	Expense	Posting
62	General and administrative expenses	Expense
6201	Office and premises	Expense
620101	Rent expense (short-term leases)	Expense	Posting
620102	Utilities (electricity, water, cooling)	Expense	Posting
620103	Insurance	Expense	Posting
620104	Repairs and maintenance	Expense	Posting
620105	Office supplies and stationery	Expense	Posting
620106	Telephone and internet	Expense	Posting
6202	Professional and government fees	Expense
620201	Audit and professional fees	Expense	Posting
620202	Government fees and trade licence renewals	Expense	Posting
620203	Travel and accommodation	Expense	Posting
620204	IT and software subscriptions	Expense	Posting
620205	Expected credit losses on receivables	Expense	Posting
63	Selling and marketing expenses	Expense
6301	Selling and marketing	Expense
630101	Advertising and marketing	Expense	Posting
630102	Sales commissions	Expense	Posting
630103	Delivery and distribution	Expense	Posting
630104	Exhibitions and events	Expense	Posting
64	Depreciation and amortisation	Expense
6401	Depreciation and amortisation	Expense
640101	Depreciation of property, plant and equipment	Expense	Posting
640102	Amortisation of intangible assets	Expense	Posting
640103	Depreciation of right-of-use assets	Expense	Posting
7	Other income, expenses and finance	Revenue
71	Other income	Revenue
7101	Other income	Revenue
710101	Gain on disposal of assets	Revenue	Posting
710102	Rental income	Revenue	Posting
710103	Foreign exchange gains and losses	Revenue	Posting
710104	Miscellaneous income	Revenue	Posting
72	Finance income	Revenue
7201	Finance income	Revenue
720101	Profit on Murabaha and bank deposits	Revenue	Posting
720102	Dividend income	Revenue	Posting
73	Finance costs	Expense
7301	Finance costs	Expense
730101	Interest and profit on bank facilities	Expense	Posting
730102	Interest on lease liabilities	Expense	Posting
730103	Bank charges and commissions	Expense	Posting
74	Other expenses	Expense
7401	Other expenses	Expense
740101	Loss on disposal of assets	Expense	Posting
740102	Fines and penalties	Expense	Posting
740103	Donations and CSR	Expense	Posting
8	Zakat and income tax	Expense
81	Zakat and income tax expense	Expense
8101	Zakat and income tax	Expense
810101	Zakat expense	Expense	Posting
810102	Current income tax expense	Expense	Posting
810103	Deferred tax expense	Expense	Posting

Download the template

Free, no signup. The Excel file keeps account codes as text so leading digits survive.

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How to set up the GCC chart of accounts

1
Download
Get the Excel file to review or the CSV to import.
2
Match your tax position
Keep the VAT accounts if you are VAT registered and the zakat accounts if you are subject to zakat; leave the rest unused.
3
Add bank and currency accounts
Create one bank account per currency under 1101, for example a USD account next to 110103.
4
Install
In Ledgeriano you install the template when you open a fiscal year and can edit it later.
5
Post opening balances
Use 320201 Opening balance equity and check the trial balance.

FAQ

Frequently asked questions

Does this chart meet UAE FTA or ZATCA requirements?

Tax authorities do not prescribe a chart of accounts. They require records that support your returns. Separate input, output and reverse-charge VAT accounts make that reconciliation straightforward, but your adviser should confirm your setup.

Where do zero-rated and exempt sales go?

Add revenue accounts next to 410101 for zero-rated and exempt supplies, so each VAT return box can be filled from one account.

Why are zakat and income tax in the same class?

Both are charges on the year's result. Class 8 keeps them below profit before tax, and separate posting accounts let a company with mixed ownership show each one.

Can a non-Gulf company use it?

Yes, it is a complete IFRS chart. The general IFRS template is simpler if you do not need zakat and end-of-service accounts.

Chart of Accounts Template: Structure, Numbering and Standards Compared UAE VAT Accounting: Journal Entries, VAT Returns and the 2027 E-Invoicing Rollout Zakat Accounting for Companies in Saudi Arabia: Base, Rate, Journal Entries and Reporting Accounting Software for SMEs in the UAE and Saudi Arabia: What to Check in 2026 What is VAT What is zakat VAT calculator Zakat calculator Accounting standards

Last reviewed: Friday, 6 November 2026

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