Chart of Accounts

Create, customize, and structure your asset, liability, equity, income, and expense accounts.

Account Code	Account Name	Type	Normal	Current Balance	Rollup Total
1010	Cash & Operating Checking Primary commercial liquid operating account.	Asset	Debit	BZ$5,799,262.87	BZ$5,799,262.87
1012	Atlantic Bank - Payroll Account Dedicated checking account for payroll and net wage disbursement	Asset	Debit	—	BZ$0.00
1014	Stripe & Merchant Clearing Account Clearing asset holding online customer card and ACH settlements prior to bank transfer	Asset	Debit	—	BZ$0.00
1100	Accounts Receivable Customer balances owed on account.	Asset	Debit	—	BZ$0.00
1180	Employee Loans & Advances Receivable Recoverable loans, salary advances, and promissory notes extended to staff	Asset	Debit	—	BZ$0.00
1200	Office Equipment & Computers	Asset	Debit	BZ$40,000.00	BZ$40,000.00
1209	Accumulated Depreciation - Equipment	Asset	Credit	—	BZ$0.00
1210	Vehicles & Machinery	Asset	Debit	-BZ$40,000.00	-BZ$40,000.00
1219	Accumulated Depreciation - Vehicles	Asset	Credit	—	BZ$0.00
1300	Merchandise Inventory Stock of physical goods held for resale to customers.	Asset	Debit	-BZ$3,402,329.01	-BZ$3,402,329.01
1400	Insurance Contract Assets Net asset position of insurance contract groups (IFRS 17)	Asset	Debit	—	BZ$0.00
2010	Accounts Payable Trade vendor balances due.	Liability	Credit	—	BZ$0.00
2100	Payroll Tax Payable (PAYE) Income tax withheld from employee compensation payable to tax revenue	Liability	Credit	BZ$656,491.91	BZ$656,491.91
2110	Social Security & Pension Payable Mandatory employee and employer social security / pension contributions	Liability	Credit	—	BZ$0.00
2120	Employee Benefits & Health Insurance Payable Employee health insurance and voluntary deductions payable to providers	Liability	Credit	—	BZ$0.00
2130	Accrued Wages & Salaries Payable Accrued wages payable before disbursement	Liability	Credit	—	BZ$0.00
2140	Payroll Garnishments & Court Orders Payable Mandatory court-ordered child support, tax levies, or wage garnishments	Liability	Credit	—	BZ$0.00
2150	Staff Pension & Retirement Savings Payable Voluntary employee pension and retirement contributions	Liability	Credit	—	BZ$0.00
2400	Insurance Contract Liabilities (LRC) Liability for Remaining Coverage (IFRS 17)	Liability	Credit	—	BZ$0.00
2410	Liability for Incurred Claims (LIC) Present value of future cash flows for claims incurred (IFRS 17)	Liability	Credit	—	BZ$0.00
2420	Contractual Service Margin (CSM) Unearned profit to be recognized as insurance service is provided (IFRS 17)	Liability	Credit	—	BZ$0.00
2430	Risk Adjustment Reserve Compensation for bearing uncertainty regarding amount and timing of cash flows	Liability	Credit	—	BZ$0.00
4000	Sales Revenue Gross sales revenue from commercial merchandise & services.	Revenue	Credit	BZ$5,251,933.96	BZ$5,251,933.96
4400	Insurance Revenue Insurance revenue recognized for services provided in the period (IFRS 17)	Revenue	Credit	—	BZ$0.00
4950	Gain on Disposal of Fixed Assets	Revenue	Credit	—	BZ$0.00
5000	Cost of Goods Sold (COGS) Direct product acquisition and manufacturing costs of sold items.	Expense	Debit	BZ$3,402,329.01	BZ$3,402,329.01
5010	Inventory Shrinkage & Loss Losses resulting from breakage, damage, theft, or physical audit adjustments.	Expense	Debit	—	BZ$0.00
5100	Salaries & Wages Expense Gross employee compensation, base salaries, hourly pay, and allowances	Expense	Debit	—	BZ$0.00
5110	Employer Payroll Taxes & Social Security Expense Employer portion of statutory social security and payroll taxes	Expense	Debit	—	BZ$0.00
5120	Staff Benefits & Health Contributions Expense Employer contributions to employee health and welfare plans	Expense	Debit	—	BZ$0.00
5400	Insurance Service Expenses Incurred claims and other insurance service expenses (IFRS 17)	Expense	Debit	—	BZ$0.00
6010	Utilities & Facilities Expense Electricity, water, sewerage, and telecoms.	Expense	Debit	BZ$109,163.00	BZ$109,163.00
6050	↳Merchant & Payment Processing Fees Gateway commissions, Stripe card percentages, and ACH bank processing surcharges	Expense	Debit	—	BZ$0.00
6500	Depreciation Expense	Expense	Debit	—	BZ$0.00
6950	Loss on Disposal of Fixed Assets	Expense	Debit	—	BZ$0.00
7400	Net Insurance Finance Expense Interest accretion and effects of changes in discount rates (IFRS 17)	Expense	Debit	—	BZ$0.00