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IFRS chart of accounts template (202 accounts, free download)

This IFRS chart of accounts has 202 accounts in four levels, 153 of which accept postings. Codes follow the statements: 1 assets, 2 liabilities, 3 equity, 4 revenue, 5 cost of sales, 6 operating expenses, 7 other income, expenses and finance, and 8 income tax. Download it as CSV or Excel and adapt it.

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Accounts: 202
Posting accounts: 153
Levels: 4
Top-level classes: 8

Top-level classes

1
Assets
63 accounts below
2
Liabilities
42 accounts below
3
Equity
18 accounts below
4
Revenue
8 accounts below
5
Cost of sales
11 accounts below
6
Operating expenses
32 accounts below
7
Other income, expenses and finance
16 accounts below
8
Income tax
4 accounts below

How the numbering works

Each extra digit takes you one level deeper, so the code tells you where an account sits on the statements. Class 1 is assets, 11 is current assets, 110 is cash and cash equivalents and 1101 is cash on hand, the account you actually post to.

Classes 1 to 3 build the statement of financial position and classes 4 to 8 build profit or loss by function: revenue (4), cost of sales (5), gross profit, operating expenses (6), other items and finance (7), then income tax (8). Because the order of the codes matches the order of the statements, a trial balance sorted by code already reads like a draft set of accounts.

Levels of the IFRS chart with real codes
Level	Code	Account	Use
1 Class	1	Assets	Statement heading, no postings
2 Group	11	Current assets	Current or non-current split
3 Line item	110	Cash and cash equivalents	Line on the statement
4 Posting account	1101	Cash on hand	Where journal lines go

Which businesses it fits

The chart covers trading, service and light manufacturing companies that report under full IFRS or IFRS for SMEs. Inventories are split into raw materials (1121), work in progress (1122), finished goods (1123) and merchandise (1124), so a manufacturer and a reseller can both use it without adding a class.

Revenue sits under 41 Revenue from contracts with customers, with returns and discounts in 42 as contra revenue, which keeps gross sales visible for IFRS 15 disclosures. If you also run a group, the multi-entity accounting guide explains how to keep the same codes across companies so consolidation is a mapping exercise rather than a rebuild.

Contra accounts and accounts that need a customer or supplier

Fourteen accounts are contra accounts: they carry a balance opposite to their class, for example 1113 Allowance for doubtful debts under receivables and 1221 Accumulated depreciation: buildings under property, plant and equipment. Keep them as separate accounts instead of netting, so the gross cost and the allowance both stay visible.

Sixteen accounts require a party, such as 1111 Trade receivables and 2111 Trade payables. Every line posted to them names the customer or supplier, which gives you an ageing and a statement per counterparty without one ledger account per customer.

How to adapt it without breaking the structure

Add accounts by extending a parent's code rather than renumbering: a second foreign currency bank account becomes the next free code under 110. Keep the first digit, because reports and closing rely on it to tell balance sheet accounts from profit or loss accounts.

Delete little. An unused account costs nothing, while a deleted one breaks comparisons with prior years. Rename freely, and use the equity accounts 3301 Opening balance equity and 3302 Income summary only for opening and closing entries.

Do not post to group or line item accounts; post only to the bottom level.
Keep input VAT (1134) and output VAT (2131) apart; settle them through the bank when you pay.
Map each new account to a statement line before you post to it.

Full account list

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

IFRS chart of accounts
Code	Account	Type	Notes
1	Assets	Asset
11	Current assets	Asset
110	Cash and cash equivalents	Asset
1101	Cash on hand	Asset	Posting
1102	Petty cash	Asset	Posting
1103	Bank: main operating account	Asset	Posting
1104	Bank: secondary current account	Asset	Posting
1105	Bank: foreign currency account	Asset	Posting
1106	Short-term bank deposits	Asset	Posting
1107	Cash in transit	Asset	Posting
111	Trade and other receivables	Asset
1111	Trade receivables	Asset	Posting · Customer or supplier required
1112	Notes receivable	Asset	Posting · Customer or supplier required
1113	Allowance for doubtful debts	Asset	Posting · Contra
1114	Employee advances and loans	Asset	Posting · Customer or supplier required
1115	Due from related parties	Asset	Posting · Customer or supplier required
1116	Other receivables	Asset	Posting · Customer or supplier required
112	Inventories	Asset
1121	Raw materials	Asset	Posting
1122	Work in progress	Asset	Posting
1123	Finished goods	Asset	Posting
1124	Merchandise inventory	Asset	Posting
1125	Goods in transit	Asset	Posting
1126	Allowance for inventory obsolescence	Asset	Posting · Contra
113	Prepayments and other current assets	Asset
1131	Prepaid expenses	Asset	Posting
1132	Advances to suppliers	Asset	Posting · Customer or supplier required
1133	Prepaid insurance	Asset	Posting
1134	VAT receivable (input VAT)	Asset	Posting
1135	Prepaid income tax	Asset	Posting
1136	Short-term investments	Asset	Posting
12	Non-current assets	Asset
121	Property, plant and equipment	Asset
1211	Land	Asset	Posting
1212	Buildings	Asset	Posting
1213	Machinery and equipment	Asset	Posting
1214	Motor vehicles	Asset	Posting
1215	Furniture and fixtures	Asset	Posting
1216	Computer equipment	Asset	Posting
1217	Assets under construction	Asset	Posting
122	Accumulated depreciation	Asset
1221	Accumulated depreciation: buildings	Asset	Posting · Contra
1222	Accumulated depreciation: machinery and equipment	Asset	Posting · Contra
1223	Accumulated depreciation: motor vehicles	Asset	Posting · Contra
1224	Accumulated depreciation: furniture and fixtures	Asset	Posting · Contra
1225	Accumulated depreciation: computer equipment	Asset	Posting · Contra
123	Intangible assets	Asset
1231	Goodwill	Asset	Posting
1232	Computer software	Asset	Posting
1233	Patents and trademarks	Asset	Posting
1234	Capitalised development costs	Asset	Posting
1235	Accumulated amortisation: intangible assets	Asset	Posting · Contra
124	Right-of-use assets	Asset
1241	Right-of-use assets: property	Asset	Posting
1242	Accumulated depreciation: right-of-use assets	Asset	Posting · Contra
125	Long-term investments	Asset
1251	Investments in subsidiaries	Asset	Posting
1252	Investments in associates	Asset	Posting
1253	Financial assets at fair value through OCI	Asset	Posting
1254	Long-term bank deposits	Asset	Posting
126	Other non-current assets	Asset
1261	Deferred tax assets	Asset	Posting
1262	Long-term receivables	Asset	Posting · Customer or supplier required
1263	Security deposits paid	Asset	Posting
2	Liabilities	Liability
21	Current liabilities	Liability
211	Trade and other payables	Liability
2111	Trade payables	Liability	Posting · Customer or supplier required
2112	Notes payable	Liability	Posting · Customer or supplier required
2113	Due to related parties	Liability	Posting · Customer or supplier required
2114	Other payables	Liability	Posting · Customer or supplier required
2115	Dividends payable	Liability	Posting · Customer or supplier required
212	Accrued liabilities	Liability
2121	Accrued expenses	Liability	Posting
2122	Salaries and wages payable	Liability	Posting
2123	Social security contributions payable	Liability	Posting
2124	Accrued interest payable	Liability	Posting
213	Taxes payable	Liability
2131	VAT payable (output VAT)	Liability	Posting
2132	Income tax payable	Liability	Posting
2133	Withholding tax payable	Liability	Posting
2134	Payroll tax payable	Liability	Posting
214	Short-term borrowings	Liability
2141	Bank overdrafts	Liability	Posting
2142	Short-term bank loans	Liability	Posting
2143	Current portion of long-term borrowings	Liability	Posting
215	Contract liabilities and other current liabilities	Liability
2151	Deferred revenue	Liability	Posting
2152	Advances from customers	Liability	Posting · Customer or supplier required
2153	Lease liabilities: current portion	Liability	Posting
2154	Short-term provisions	Liability	Posting
2155	Customer deposits received	Liability	Posting · Customer or supplier required
22	Non-current liabilities	Liability
221	Long-term borrowings	Liability
2211	Long-term bank loans	Liability	Posting
2212	Bonds payable	Liability	Posting
2213	Loans from shareholders	Liability	Posting · Customer or supplier required
222	Lease liabilities: non-current	Liability
2221	Lease liabilities: property	Liability	Posting
2222	Lease liabilities: equipment and vehicles	Liability	Posting
223	Long-term provisions	Liability
2231	Provision for employee end-of-service benefits	Liability	Posting
2232	Provision for warranties	Liability	Posting
2233	Provision for decommissioning and restoration	Liability	Posting
224	Deferred tax and other non-current liabilities	Liability
2241	Deferred tax liabilities	Liability	Posting
2242	Long-term payables	Liability	Posting · Customer or supplier required
3	Equity	Equity
31	Share capital and reserves	Equity
311	Share capital	Equity
3111	Ordinary share capital	Equity	Posting
3112	Share premium	Equity	Posting
3113	Treasury shares	Equity	Posting · Contra
312	Reserves	Equity
3121	Legal reserve	Equity	Posting
3122	Revaluation surplus	Equity	Posting
3123	Fair value reserve	Equity	Posting
3124	Foreign currency translation reserve	Equity	Posting
3125	General reserve	Equity	Posting
32	Retained earnings	Equity
3201	Retained earnings	Equity	Posting
3202	Profit or loss for the year	Equity	Posting
3203	Dividends declared	Equity	Posting · Contra
33	Other equity and closing accounts	Equity
3301	Opening balance equity	Equity	Posting
3302	Income summary	Equity	Posting
4	Revenue	Revenue
41	Revenue from contracts with customers	Revenue
4101	Sales of goods	Revenue	Posting
4102	Revenue from services	Revenue	Posting
4103	Contract revenue	Revenue	Posting
4104	Export sales	Revenue	Posting
42	Sales returns and discounts	Revenue
4201	Sales returns	Revenue	Posting · Contra
4202	Sales discounts and allowances	Revenue	Posting · Contra
5	Cost of sales	Expense
51	Cost of goods sold	Expense
5101	Cost of goods sold	Expense	Posting
5102	Direct materials consumed	Expense	Posting
5103	Direct labour	Expense	Posting
5104	Manufacturing overhead	Expense	Posting
5105	Freight-in and import costs	Expense	Posting
5106	Inventory write-downs	Expense	Posting
5107	Purchase discounts	Expense	Posting · Contra
52	Cost of services	Expense
5201	Subcontractor costs	Expense	Posting
5202	Direct service costs	Expense	Posting
6	Operating expenses	Expense
61	Selling and distribution expenses	Expense
6101	Sales staff salaries and commissions	Expense	Posting
6102	Advertising and marketing	Expense	Posting
6103	Freight-out and delivery	Expense	Posting
6104	Sales promotion and exhibitions	Expense	Posting
6105	Warranty expense	Expense	Posting
62	General and administrative expenses	Expense
6201	Salaries and wages	Expense	Posting
6202	Employee benefits and allowances	Expense	Posting
6203	Employer social security contributions	Expense	Posting
6204	End-of-service benefits expense	Expense	Posting
6205	Rent expense	Expense	Posting
6206	Utilities	Expense	Posting
6207	Insurance expense	Expense	Posting
6208	Professional fees (audit, legal, consulting)	Expense	Posting
6209	Office supplies and stationery	Expense	Posting
6210	Telephone and communication	Expense	Posting
6211	Travel and accommodation	Expense	Posting
6212	Repairs and maintenance	Expense	Posting
6213	Training and development	Expense	Posting
6214	Software subscriptions and IT services	Expense	Posting
6215	Bad and doubtful debts	Expense	Posting
6216	Entertainment and hospitality	Expense	Posting
6217	Taxes, duties and licences	Expense	Posting
63	Depreciation and amortisation	Expense
6301	Depreciation of property, plant and equipment	Expense	Posting
6302	Amortisation of intangible assets	Expense	Posting
6303	Depreciation of right-of-use assets	Expense	Posting
64	Other operating expenses	Expense
6401	Impairment losses	Expense	Posting
6402	Loss on disposal of assets	Expense	Posting
6403	Donations	Expense	Posting
7	Other income, expenses and finance	Revenue
71	Other income	Revenue
7101	Gain on disposal of assets	Revenue	Posting
7102	Rental income	Revenue	Posting
7103	Foreign exchange gains and losses	Revenue	Posting
7104	Government grants	Revenue	Posting
7105	Miscellaneous income	Revenue	Posting
72	Finance income	Revenue
7201	Interest income	Revenue	Posting
7202	Dividend income	Revenue	Posting
73	Finance costs	Expense
7301	Interest on borrowings	Expense	Posting
7302	Interest on lease liabilities	Expense	Posting
7303	Bank charges and commissions	Expense	Posting
74	Other expenses	Expense
7401	Fines and penalties	Expense	Posting
7402	Miscellaneous expenses	Expense	Posting
8	Income tax	Expense
81	Income tax expense	Expense
8101	Current income tax	Expense	Posting
8102	Deferred tax expense	Expense	Posting
8103	Prior-year tax adjustments	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 use the IFRS chart of accounts template

1
Download the file
Pick CSV for any system or Excel for review. Codes are stored as text so leading digits survive.
2
Mark what you need
Go through the posting accounts and flag the ones your business uses; leave the rest for later.
3
Add your own sub-accounts
Extend codes under the right parent, for example one bank account per currency under 110.
4
Import or install
Import the file into your accounting system. In Ledgeriano you install this template when you open a fiscal year, then add, rename or deactivate accounts.
5
Enter opening balances
Post the opening entry against 3301 Opening balance equity and check the trial balance balances.

FAQ

Frequently asked questions

Does IFRS prescribe a chart of accounts?

No. IFRS sets recognition, measurement and presentation rules but no account list or numbering. A chart like this one is a practical structure whose order follows IAS 1 presentation, so mapping accounts to statement lines is straightforward.

How many accounts should a small company have?

Fewer than you think. Most small companies post to 60 to 120 accounts. Start with the full template, deactivate what you do not use, and add accounts only when a report needs a separate line.

Can I use this chart for IFRS for SMEs?

Yes. The structure works for both full IFRS and IFRS for SMEs; the difference is in measurement and disclosure, not in the accounts you need.

Why are the codes stored as text in the download?

So spreadsheets keep them exactly as written. Stored as numbers, codes could lose leading zeros you add later and stop sorting as the tree they represent.

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Last reviewed: Friday, 6 November 2026

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