--- title: "IFRS chart of accounts template (202 accounts, free download)" description: "Free IFRS chart of accounts with 202 accounts in 8 classes, from 1xxx assets to 8xxx income tax. See the full tree and download it as CSV or Excel." canonical: https://ledgeriano.com/templates/ifrs-chart-of-accounts language: en publisher: "Ledgeriano" updated: 2026-11-06 --- # IFRS chart of accounts template (202 accounts, free download) > Free IFRS chart of accounts with 202 accounts in 8 classes, from 1xxx assets to 8xxx income tax. See the full tree and download it as CSV or Excel. 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. Download: [Excel (.xlsx)](https://ledgeriano.com/templates/files/ifrs-chart-of-accounts.xlsx), [CSV (UTF-8)](https://ledgeriano.com/templates/files/ifrs-chart-of-accounts.csv) Accounts: 202. Posting accounts: 153. Levels: 4. ## 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. | 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](https://ledgeriano.com/guides/multi-entity-accounting) 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. | Code | Account | Type | | --- | --- | --- | | 1 | Assets | Asset | | 11 | Current assets | Asset | | 110 | Cash and cash equivalents | Asset | | 1101 | Cash on hand | Asset | | 1102 | Petty cash | Asset | | 1103 | Bank: main operating account | Asset | | 1104 | Bank: secondary current account | Asset | | 1105 | Bank: foreign currency account | Asset | | 1106 | Short-term bank deposits | Asset | | 1107 | Cash in transit | Asset | | 111 | Trade and other receivables | Asset | | 1111 | Trade receivables | Asset | | 1112 | Notes receivable | Asset | | 1113 | Allowance for doubtful debts | Asset | | 1114 | Employee advances and loans | Asset | | 1115 | Due from related parties | Asset | | 1116 | Other receivables | Asset | | 112 | Inventories | Asset | | 1121 | Raw materials | Asset | | 1122 | Work in progress | Asset | | 1123 | Finished goods | Asset | | 1124 | Merchandise inventory | Asset | | 1125 | Goods in transit | Asset | | 1126 | Allowance for inventory obsolescence | Asset | | 113 | Prepayments and other current assets | Asset | | 1131 | Prepaid expenses | Asset | | 1132 | Advances to suppliers | Asset | | 1133 | Prepaid insurance | Asset | | 1134 | VAT receivable (input VAT) | Asset | | 1135 | Prepaid income tax | Asset | | 1136 | Short-term investments | Asset | | 12 | Non-current assets | Asset | | 121 | Property, plant and equipment | Asset | | 1211 | Land | Asset | | 1212 | Buildings | Asset | | 1213 | Machinery and equipment | Asset | | 1214 | Motor vehicles | Asset | | 1215 | Furniture and fixtures | Asset | | 1216 | Computer equipment | Asset | | 1217 | Assets under construction | Asset | | 122 | Accumulated depreciation | Asset | | 1221 | Accumulated depreciation: buildings | Asset | | 1222 | Accumulated depreciation: machinery and equipment | Asset | | 1223 | Accumulated depreciation: motor vehicles | Asset | | 1224 | Accumulated depreciation: furniture and fixtures | Asset | | 1225 | Accumulated depreciation: computer equipment | Asset | | 123 | Intangible assets | Asset | | 1231 | Goodwill | Asset | | 1232 | Computer software | Asset | | 1233 | Patents and trademarks | Asset | | 1234 | Capitalised development costs | Asset | | 1235 | Accumulated amortisation: intangible assets | Asset | | 124 | Right-of-use assets | Asset | | 1241 | Right-of-use assets: property | Asset | | 1242 | Accumulated depreciation: right-of-use assets | Asset | | 125 | Long-term investments | Asset | | 1251 | Investments in subsidiaries | Asset | | 1252 | Investments in associates | Asset | | 1253 | Financial assets at fair value through OCI | Asset | | 1254 | Long-term bank deposits | Asset | | 126 | Other non-current assets | Asset | | 1261 | Deferred tax assets | Asset | | 1262 | Long-term receivables | Asset | | 1263 | Security deposits paid | Asset | | 2 | Liabilities | Liability | | 21 | Current liabilities | Liability | | 211 | Trade and other payables | Liability | | 2111 | Trade payables | Liability | | 2112 | Notes payable | Liability | | 2113 | Due to related parties | Liability | | 2114 | Other payables | Liability | | 2115 | Dividends payable | Liability | | 212 | Accrued liabilities | Liability | | 2121 | Accrued expenses | Liability | | 2122 | Salaries and wages payable | Liability | | 2123 | Social security contributions payable | Liability | | 2124 | Accrued interest payable | Liability | | 213 | Taxes payable | Liability | | 2131 | VAT payable (output VAT) | Liability | | 2132 | Income tax payable | Liability | | 2133 | Withholding tax payable | Liability | | 2134 | Payroll tax payable | Liability | | 214 | Short-term borrowings | Liability | | 2141 | Bank overdrafts | Liability | | 2142 | Short-term bank loans | Liability | | 2143 | Current portion of long-term borrowings | Liability | | 215 | Contract liabilities and other current liabilities | Liability | | 2151 | Deferred revenue | Liability | | 2152 | Advances from customers | Liability | | 2153 | Lease liabilities: current portion | Liability | | 2154 | Short-term provisions | Liability | | 2155 | Customer deposits received | Liability | | 22 | Non-current liabilities | Liability | | 221 | Long-term borrowings | Liability | | 2211 | Long-term bank loans | Liability | | 2212 | Bonds payable | Liability | | 2213 | Loans from shareholders | Liability | | 222 | Lease liabilities: non-current | Liability | | 2221 | Lease liabilities: property | Liability | | 2222 | Lease liabilities: equipment and vehicles | Liability | | 223 | Long-term provisions | Liability | | 2231 | Provision for employee end-of-service benefits | Liability | | 2232 | Provision for warranties | Liability | | 2233 | Provision for decommissioning and restoration | Liability | | 224 | Deferred tax and other non-current liabilities | Liability | | 2241 | Deferred tax liabilities | Liability | | 2242 | Long-term payables | Liability | | 3 | Equity | Equity | | 31 | Share capital and reserves | Equity | | 311 | Share capital | Equity | | 3111 | Ordinary share capital | Equity | | 3112 | Share premium | Equity | | 3113 | Treasury shares | Equity | | 312 | Reserves | Equity | | 3121 | Legal reserve | Equity | | 3122 | Revaluation surplus | Equity | | 3123 | Fair value reserve | Equity | | 3124 | Foreign currency translation reserve | Equity | | 3125 | General reserve | Equity | | 32 | Retained earnings | Equity | | 3201 | Retained earnings | Equity | | 3202 | Profit or loss for the year | Equity | | 3203 | Dividends declared | Equity | | 33 | Other equity and closing accounts | Equity | | 3301 | Opening balance equity | Equity | | 3302 | Income summary | Equity | | 4 | Revenue | Revenue | | 41 | Revenue from contracts with customers | Revenue | | 4101 | Sales of goods | Revenue | | 4102 | Revenue from services | Revenue | | 4103 | Contract revenue | Revenue | | 4104 | Export sales | Revenue | | 42 | Sales returns and discounts | Revenue | | 4201 | Sales returns | Revenue | | 4202 | Sales discounts and allowances | Revenue | | 5 | Cost of sales | Expense | | 51 | Cost of goods sold | Expense | | 5101 | Cost of goods sold | Expense | | 5102 | Direct materials consumed | Expense | | 5103 | Direct labour | Expense | | 5104 | Manufacturing overhead | Expense | | 5105 | Freight-in and import costs | Expense | | 5106 | Inventory write-downs | Expense | | 5107 | Purchase discounts | Expense | | 52 | Cost of services | Expense | | 5201 | Subcontractor costs | Expense | | 5202 | Direct service costs | Expense | | 6 | Operating expenses | Expense | | 61 | Selling and distribution expenses | Expense | | 6101 | Sales staff salaries and commissions | Expense | | 6102 | Advertising and marketing | Expense | | 6103 | Freight-out and delivery | Expense | | 6104 | Sales promotion and exhibitions | Expense | | 6105 | Warranty expense | Expense | | 62 | General and administrative expenses | Expense | | 6201 | Salaries and wages | Expense | | 6202 | Employee benefits and allowances | Expense | | 6203 | Employer social security contributions | Expense | | 6204 | End-of-service benefits expense | Expense | | 6205 | Rent expense | Expense | | 6206 | Utilities | Expense | | 6207 | Insurance expense | Expense | | 6208 | Professional fees (audit, legal, consulting) | Expense | | 6209 | Office supplies and stationery | Expense | | 6210 | Telephone and communication | Expense | | 6211 | Travel and accommodation | Expense | | 6212 | Repairs and maintenance | Expense | | 6213 | Training and development | Expense | | 6214 | Software subscriptions and IT services | Expense | | 6215 | Bad and doubtful debts | Expense | | 6216 | Entertainment and hospitality | Expense | | 6217 | Taxes, duties and licences | Expense | | 63 | Depreciation and amortisation | Expense | | 6301 | Depreciation of property, plant and equipment | Expense | | 6302 | Amortisation of intangible assets | Expense | | 6303 | Depreciation of right-of-use assets | Expense | | 64 | Other operating expenses | Expense | | 6401 | Impairment losses | Expense | | 6402 | Loss on disposal of assets | Expense | | 6403 | Donations | Expense | | 7 | Other income, expenses and finance | Revenue | | 71 | Other income | Revenue | | 7101 | Gain on disposal of assets | Revenue | | 7102 | Rental income | Revenue | | 7103 | Foreign exchange gains and losses | Revenue | | 7104 | Government grants | Revenue | | 7105 | Miscellaneous income | Revenue | | 72 | Finance income | Revenue | | 7201 | Interest income | Revenue | | 7202 | Dividend income | Revenue | | 73 | Finance costs | Expense | | 7301 | Interest on borrowings | Expense | | 7302 | Interest on lease liabilities | Expense | | 7303 | Bank charges and commissions | Expense | | 74 | Other expenses | Expense | | 7401 | Fines and penalties | Expense | | 7402 | Miscellaneous expenses | Expense | | 8 | Income tax | Expense | | 81 | Income tax expense | Expense | | 8101 | Current income tax | Expense | | 8102 | Deferred tax expense | Expense | | 8103 | Prior-year tax adjustments | Expense | ## 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](https://ledgeriano.com/features) 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](https://ledgeriano.com/glossary/trial-balance) balances. ## 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.