CheckMark simplifies getting started with MultiLedger with a basic chart of accounts. When you install CheckMark MultiLedger, a folder called “COAs” is installed in the “MLedger” folder. This folder contains several charts of accounts that you can use for your own business.

We have added some commonly-used accounts to help you create your chart of accounts, but you can adapt your current chart of accounts, create a new one, or copy and then modify an existing chart of accounts from one of the MultiLedger sample companies or the Sample COAs folder.

Here is the basic chart of accounts MultiLedger creates for you:

Basic Chart of Accounts
1010	Cash In Bank – Checking Acct.	6300	Bank Charges
1020	Money Market Account	6400	Contributions
1100	Accounts Receivable	6500	Depletion
1200	Prepaid Expenses	6600	Depreciation Expense
1700	Computer Equipment	6700	Dues & Memberships
1720	Office Furniture & Equipment	6800	Insurance – Business
1740	Vehicles	6900	Insurance – Health
1800	Accum. Depr.- Computer Equip.	7000	Interest Expense
1820	Accum. Depr.- Off ice	7100	Legal& Professional Services
1840	Accum. Depr.- Vehicles	7200	Meals & Entertainment
2100	Accounts Payable	7300	Miscellaneous Expense
2200	Sales Tax Payable	7400	Office Supplies
2300	Federal Withholding Tax	7500	Pension/Prof it Sharing Expense
2400	State Withholding Tax	7600	Postage
2500	FICA Tax Payable	7700	Rent
2550	State Disability Tax	7800	Repairs & Maintenance
2700	Bank Loan	7900	Salaries
3000	Capital	8000	Taxes & Licenses
3100	Owners Draw	8100	Telephone
3200	Retained Earnings	8200	Travel
4100	Sales	8300	Utilities
5000	Cost of Sales	9100	Interest Earned
6000	Automobile Expense	7400	Office Supplies
6100	Advertising/Marketing	7500	Pension/Prof it Sharing Expense
6200	Bad Debts