Chart of Accounts

The accounts every transaction posts to

Code	Account	Type	Normal side
1000	Cash — Chequing	Assets	debit
1050	Cash — Savings	Assets	debit
1200	Accounts Receivable	Assets	debit
1300	GST/HST Recoverable (ITC)	Assets	debit
1310	QST Recoverable (ITR)	Assets	debit
1400	Prepaid Expenses	Assets	debit
1500	Office Equipment	Assets	debit
1550	Accumulated Depreciation	Assets	credit
2000	Accounts Payable	Liabilities	credit
2100	GST/HST Payable	Liabilities	credit
2150	QST Payable	Liabilities	credit
2160	PST Payable	Liabilities	credit
2200	Payroll Liabilities	Liabilities	credit
2250	Source Deductions Payable (CRA)	Liabilities	credit
3000	Common Shares	Equity	credit
3100	Retained Earnings	Equity	credit
3200	Dividends Declared	Equity	debit
4000	Sales Revenue	Revenue	credit
4100	Service Revenue	Revenue	credit
4900	Other Income	Revenue	credit
5000	Cost of Goods Sold	Expenses	debit
5100	Salaries & Wages	Expenses	debit
5200	Subcontractors	Expenses	debit
6000	Rent	Expenses	debit
6100	Software Subscriptions	Expenses	debit
6200	Professional Fees	Expenses	debit
6300	Office Supplies	Expenses	debit
6400	Bank Charges	Expenses	debit
7900	Foreign Exchange Gain/Loss	Expenses	debit