Setting up chart of accounts for newspaper industries/companies from scratch can seem daunting. The good news is that creating a newspaper chart of accounts with CheckMark MultiLedger is simple and easy.

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 small business.

The newspaper chart of accounts is available in the folder – “Sample COAs” on your local disk. 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 chart of accounts MultiLedger creates for newspaper industries:

Newspaper Chart of Accounts
1010	Cash in bank	4400	Circulation
1020	Cash on hand	4500	Commercial printing
1100	Notes and accounts receivable	4600	Merchandise sales
1150	Allowance for doubtful account	4700	Miscellaneous revenue
1200	Prepaid expenses	6000	Off ice salaries
1400	Inventory	6100	Taxes on payroll salaries
1600	Land	6200	Depr on machinery, furn, type
1620	Building	6300	Depr on building
1640	Machinery and equipment	6400	Feature and ad mat services
1660	Furniture and fixtures	6500	Insurance and professional svc
1680	Motor vehicles	6600	Light, power, water, gas
1700	Type and metal	6700	Memberships and dues
1720	Accumdepr-building	6800	Motor vehicles and mileage
1740	Accumdepr-machinery and equip	6900	Office supplies and postage
1760	Accumdepr-furniture and fixtures	7000	Rent, fuel and heating
1780	Accumdepr-motor vehicles	7100	Repairs and maintenance equip
1800	Accumdepr-type and metal	7200	Taxes on plant and business
1900	Goodwill	7300	Taxes and maintenance on build
2100	Accounts and notes payable	7400	Telephone and telegraph
2300	Federal unemployment tax	7500	Miscellaneous
2320	State unemployment tax	8000	Shop wages
2340	FICA tax payable	8100	Taxes on shop payroll
2360	Federal withholding tax	8200	Bad debts
2380	State withholding tax	8300	Commissions on sales
2400	Local withholding tax	8400	Materials
2500	Interest payable	8500	Photos and engravings
2560	Income tax payable	8600	Second class postage
2600	Mortgage and long term notes	8700	Contributions
3000	Capital Stock	8800	Advertising and Promotion
3020	Retained earnings	8900	Travel and entertainment
3040	Dividends paid	9000	Cash discounts taken
3060	Profit and loss clearing acct	9100	Interest earned
4000	Local advertising	9200	Miscellaneous other income
4100	National advertising	9500	Cash discounts allowed
4200	Classified advertising	9600	Interest paid
4300	Legal advertising	9700	Miscellaneous other expense