Can you please provide a Chart of Accounts which suits Australian accounting with Assets, Liabilities, Equity,COGS, Income, Expenses

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Make the Chart of Accounts suitable for Australian accounting with an Asset header account, a Liability Header Account, and have the items sorted into the Australian version rather than the US version
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Robert Smeallie

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Posted 4 weeks ago

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Linda Benfield, Accredited Partner

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Hi Robert,

As a regular Reckon Accounts User, I have designed a Chart of Accounts in what I call my "Blank Reckon File". I have set up and linked the payroll items to the Liability Accounts that I prefer and Asset Accounts the way that I like them. Additionally I have linked the GST codes to GST Collected & GST Payable so I can see each separated in the Balance Sheet. My Income and Expenses are all pre-linked to the correct codes as well.

Each time I need to create a new file I copy and paste my "Blank Reckon File" and rename to new Company Name.

I have been doing this for over 8 years and just upgrade it each year. I can even upload to Hosted for new Hosted Clients.

I save hours each time I start a new file. Just do it once and you will never have to do it again!

Hope that helps...