The following article outlines all default accounts in the Chart of Accounts in Simple Fund 360.
- For the list of default accounts in Simple Invest 360, see: Global Chart of Accounts - SI360
The Chart of Accounts in SF360
The chart of accounts is a list of all accounts used by a fund. It is used to further define particular classes of transactions. Each account in the chart of accounts will have its own unique account code and account name. The classes of transactions are further broken down into:
- Income
- Expenses
- Member accounts
- Assets
- Investments
- Liabilities
- Clearing accounts
Default Global Chart of Accounts in Simple Fund 360
The following is a list of all accounts which will form your Global Chart of Accounts before any funds are added:
| Account Code | Account Class | Account Name | Account Type |
|---|---|---|---|
| 23800 | Control | Distributions Received | Income |
| 23900 | Control | Dividends Received | Income |
| 24000 | Control | Private dividends and other excessive non-arms length income | Income |
| 24200 | Control | Contributions | Income - Member |
| 24700 | Normal | Changes in Market Values of Investments | Income |
| 24800 | Normal | Changes in Market Values of Other Assets | Income |
| 25000 | Control | Interest Received | Income |
| 25100 | Normal | Interest Received ATO General Interest Charge | Income |
| 25200 | Control | Income in Advance | Income |
| 25500 | Control | Lease and Hire Income | Income |
| 26500 | Control | Other Investment Income | Income |
| 27000 | Control | Partnership Distributions Received | Income |
| 27500 | Control | Proceeds from Insurance Policies | Income - Member |
| 27800 | Control | Profit/(Loss) on disposal of depreciable assets | Income |
| 27850 | Control | Profit/(Loss) on disposal of leased depreciable assets | Income |
| 28000 | Control | Property Income | Income |
| 28500 | Control | Transfers In | Income - Member |
| 30100 | Normal | Accountancy Fees | Expense |
| 30200 | Normal | Administration Costs | Expense |
| 30400 | Normal | ATO Supervisory Levy | Expense |
| 30500 | Normal | Advertising | Expense |
| 30700 | Normal | Auditor's Remuneration | Expense |
| 30800 | Normal | ASIC Fees | Expense |
| 30900 | Normal | Advisor Fees | Expense |
| 31500 | Normal | Bank Charges | Expense |
| 32800 | Normal | Commission | Expense |
| 33400 | Control | Depreciation | Expense |
| 35000 | Normal | General Expenses | Expense |
| 37500 | Control | Investment Expenses | Expense |
| 37700 | Normal | Interest Paid - ATO General Interest | Expense |
| 37900 | Normal | Interest Paid | Expense |
| 38000 | Normal | Insurance | Expense |
| 38200 | Normal | Fines | Expense |
| 38700 | Normal | Legal Fees | Expense |
| 39000 | Control | Life Insurance Premiums | Expense - Member |
| 39300 | Control | Life Insurance Premiums (Non Deductible) | Expense - Member |
| 39400 | Control | Income Protection Premiums | Expense - Member |
| 39450 | Control | Income Protection Premiums (Non Deductible) | Expense - Member |
| 39500 | Control | Total and Permanent Disability Premiums | Expense - Member |
| 39550 | Control | Total and Permanent Disability Premiums (Non Deductible) | Expense - Member |
| 39600 | Control | Death Cover Premiums | Expense - Member |
| 39650 | Control | Death Cover Premiums (Non Deductible) | Expense - Member |
| 39700 | Normal | Light and Power - All Properties | Expense |
| 39900 | Normal | Portfolio Management Fees | Expense |
| 40000 | Control | Management Fees | Expense - Member |
| 40500 | Control | Members Expenses | Expense - Member |
| 41600 | Control | Pensions Paid | Expense - Member |
| 41800 | Normal | Postage, Printing and Stationery | Expense |
| 41910 | Normal | Property Expenses - Non Specified | Expense |
| 41920 | Control | Property Expenses - Advertising | Expense |
| 41930 | Control | Property Expenses - Agents Management Fees | Expense |
| 41940 | Control | Property Expenses - Agents Commissions | Expense |
| 41950 | Control | Property Expenses - Cleaning | Expense |
| 41960 | Control | Property Expenses - Council Rates | Expense |
| 41965 | Control | Property Expense - Electricity and Gas | Expense |
| 41970 | Control | Property Expenses - Garden and Lawn | Expense |
| 41980 | Control | Property Expenses - Insurance Premium | Expense |
| 41990 | Control | Property Expenses - Interest on Deposit Paid | Expense |
| 42000 | Control | Property Expenses - Interest on Late Settlement Paid | Expense |
| 42010 | Control | Property Expenses - Interest on Loans | Expense |
| 42020 | Control | Property Expenses - Land Tax | Expense |
| 42030 | Control | Property Expenses - Legal Fees | Expense |
| 42040 | Control | Property Expenses - Pest Control | Expense |
| 42050 | Control | Property Expenses - Property Capital Improvement | Expense |
| 42060 | Control | Property Expenses - Repairs Maintenance | Expense |
| 42070 | Control | Property Expenses - Settlement Agent Fees | Expense |
| 42080 | Control | Property Expenses - Stamp Duty | Expense |
| 42090 | Control | Property Expenses - Stationery, Phone and Postage | Expense |
| 42100 | Control | Property Expenses - Strata Levy Fees | Expense |
| 42110 | Control | Property Expenses - Sundry Expenses | Expense |
| 42120 | Control | Property Expenses - Title Fees | Expense |
| 42130 | Control | Property Expenses - Travel | Expense |
| 42140 | Control | Property Expenses - Vendor Solicitor's Fees | Expense |
| 42150 | Control | Property Expenses - Water Rates | Expense |
| 43300 | Normal | Salaries and Wages | Expense |
| 44000 | Control | Excess Contributions Tax | Expense - Member |
| 44700 | Normal | Telephone | Expense |
| 46000 | Control | Benefits Paid/Transfers Out | Expense - Member |
| 46600 | Control | Refund Excess Contributions | Expense - Member |
| 47500 | Normal | Trustee Fees | Expense |
| 48100 | Control | Division 293 Tax | Expense - Member |
| 48500 | Normal | Income Tax Expense | Allocation |
| 48600 | Normal | Prior Years Under/Over Provision for Income Tax | Allocation |
| 48700 | Control | Contributions Tax (Surcharge) | Allocation - Member |
| 48800 | Normal | Tax Losses Recouped | Allocation |
| 48900 | Normal | Capital Losses Recouped | Allocation |
| 49000 | Normal | Profit/Loss Allocation Account | Allocation |
| 49300 | Control | Writeback of Deferred Tax | Allocation - Member |
| 49350 | Normal | Writeback of FITB/PDIT (Unallocated) | Allocation |
| 50010 | Control | Opening Balance | Member |
| 51900 | Control | Division 293 Tax | Member |
| 52420 | Control | Contributions | Member |
| 52850 | Control | Transfers In | Member |
| 53100 | Control | Share of Profit/(Loss) | Member |
| 53330 | Control | Income Tax | Member |
| 53500 | Control | No TFN Excess Contributions Tax | Member |
| 53800 | Control | Contributions Tax | Member |
| 53900 | Control | Insurance Policy Proceeds | Member |
| 53940 | Control | Income Protection Premiums | Member |
| 53960 | Control | Total and Permanent Disability Premiums | Member |
| 53980 | Control | Death Cover Premiums | Member |
| 54160 | Control | Pensions Paid | Member |
| 54500 | Control | Benefits Paid/Transfers Out | Member |
| 55700 | Control | Superannuation Surcharge Tax | Member |
| 53920 | Control | Life Insurance Premiums | Member |
| 54000 | Control | Management Fees | Member |
| 54050 | Control | Members Expenses | Member |
| 55100 | Control | Excess Contributions Tax | Member |
| 56100 | Control | Internal Transfers In | Member |
| 57100 | Control | Internal Transfers Out | Member |
| 58000 | Control | Refund Excess Contributions | Member |
| 59100 | Control | Anti-Detriment Reserve | Member - Reserve |
| 59200 | Control | Contribution Reserve | Member - Reserve |
| 59300 | Control | Investment Reserve | Member - Reserve |
| 59400 | Control | Pension Reserve | Member - Reserve |
| 59500 | Control | Self-Insurance Reserve | Member - Reserve |
| 59600 | Normal | Unallocated Anti-Detriment Reserve | Member - Reserve |
| 59650 | Normal | Unallocated Contribution Reserve | Member - Reserve |
| 59700 | Normal | Unallocated Investment Reserve | Member - Reserve |
| 59750 | Normal | Unallocated Pension Reserve | Member - Reserve |
| 59800 | Normal | Unallocated Self-Insurance Reserve | Member - Reserve |
| 60100 | Control | Amounts owing by Other Persons | Asset |
| 60400 | Control | Bank Accounts | Asset - Bank |
| 60800 | Control | Term Deposits | Asset - Bank |
| 61600 | Control | Contributions Receivable | Asset |
| 61800 | Control | Distributions Receivable | Asset |
| 62000 | Control | Dividends Receivable | Asset |
| 62500 | Normal | Dividend Reinvestment - Residual Account | Asset |
| 62550 | Control | Reinvestment Residual Account | Asset |
| 64000 | Normal | Formation Expenses | Asset |
| 65000 | Control | Interest Receivable | Asset |
| 65500 | Normal | Other Assets | Asset |
| 66000 | Normal | Prepaid Expenses | Asset |
| 68000 | Normal | Sundry Debtors | Asset |
| 70040 | Control | Cryptocurrency | Investment |
| 71000 | Control | Collectables (Coins, Stamps, Wine and Other Personal Use Assets) | Investment |
| 72000 | Control | Debt Securities (Bonds, Bills of Exchange, Promissory Notes) | Investment |
| 72300 | Control | Derivatives (Options, Hybrids, Future Contracts) | Investment |
| 72350 | Control | Farming Property | Investment |
| 72400 | Control | Fixed Interest Securities (Australian) | Investment |
| 72450 | Control | Fixed Interest Securities (Australian) - Unitised | Investment |
| 72500 | Control | Fixed Interest Securities (Overseas) | Investment |
| 72550 | Control | Fixed Interest Securities (Overseas) - Unitised | Investment |
| 72600 | Control | Fixtures and Fittings (at written down value) | Investment |
| 72650 | Control | Fixtures and Fittings (at written down value) - Unitised | Investment |
| 72800 | Control | Government Securities (Australian) | Investment |
| 72900 | Control | Government Securities (Overseas) | Investment |
| 73000 | Control | Hybrid Securities with Debt (Swaps, futures contracts, Options.) | Investment |
| 73200 | Control | Interests in Partnerships (Australian) | Investment |
| 73300 | Control | Interests in Partnerships (Overseas) | Investment |
| 73800 | Control | Leased Assets | Investment |
| 73850 | Control | Leased Assets - Unitised | Investment |
| 73900 | Control | Limited Recourse Borrowing Arrangements | Investment |
| 74000 | Control | Insurance Policies | Investment |
| 74050 | Control | Insurance Policies - Unitised | Investment |
| 74200 | Control | Loans to Associated Entities (In house loans) | Investment |
| 74250 | Control | Loans to Associated Entities (In house loans) - Unitised | Investment |
| 74700 | Control | Managed Investments (Australian) | Investment |
| 74800 | Control | Managed Investments (Overseas) | Investment |
| 75000 | Control | Mortgage Loans (Australian) | Investment |
| 75100 | Control | Mortgage Loans (Overseas) | Investment |
| 75500 | Control | Motor Vehicles (at written down value) | Investment |
| 75550 | Control | Motor Vehicles (at written down value) - Unitised | Investment |
| 76000 | Control | Other Assets | Investment |
| 76100 | Control | Other Investments | Investment |
| 76200 | Control | Farming Equipment | Investment |
| 76500 | Control | Plant and Equipment (at written down value) | Investment |
| 76550 | Control | Plant and Equipment (at written down value) - Unitised | Investment |
| 76800 | Control | Pooled Superanutaion Trust | Investment |
| 77200 | Control | Real Estate Properties ( Australian - Residential) | Investment |
| 77250 | Control | Real Estate Properties (Australian - Non Residential) | Investment |
| 77300 | Control | Real Estate Properties (Overseas - Residential) | Investment |
| 77350 | Control | Real Estate Properties (Overseas - Non Residential) | Investment |
| 77600 | Control | Shares in Listed Companies (Australian) | Investment |
| 77700 | Control | Shares in Listed Companies (Overseas) | Investment |
| 77800 | Control | Shares in Unlisted Private Companies (Australian) | Investment |
| 77900 | Control | Shares in Unlisted Private Companies (Overseas) | Investment |
| 78000 | Control | Stapled Securities | Investment |
| 78200 | Control | Units in Listed Unit Trusts (Australian) | Investment |
| 78300 | Control | Units in Listed Unit Trusts (Overseas) | Investment |
| 78400 | Control | Units in Unlisted Unit Trusts (Australian) | Investment |
| 78500 | Control | Units in Unlisted Unit Trusts (Overseas) | Investment |
| 80500 | Control | Amounts owing to other persons | Liability |
| 81000 | Control | Interest Accrued | Liability |
| 83000 | Control | Investment Liabilities | Liability |
| 84000 | Normal | GST Payable/Refundable | Liability |
| 84500 | Normal | Income in Advance | Liability |
| 85000 | Normal | Income Tax Payable | Liability |
| 85500 | Control | Limited Recourse Borrowing Arrangements | Liability |
| 86000 | Normal | PAYG Payable | Liability |
| 88000 | Normal | Sundry Creditors | Liability |
| 89000 | Normal | Deferred Tax Liability | Liability |
| 89990 | Normal | Migration Suspense Account | Liability |
| 91000 | Normal | Bank Data Clearing Account | Unallocated |
| 92000 | Normal | Investment Income Data Clearing Account | Unallocated |
| 94910 | Normal | Investment Movement Data Clearing Account | Unallocated |
| 94920 | Normal | Member Data Clearing Account | Unallocated |
| 94930 | Normal | Pension Data Clearing Account | Unallocated |
| 99800 | Normal | Unspecified Data Clearing Account | Unallocated |
| 99900 | Normal | Manual Suspense Account | Unallocated |