Designing a well-structured profit center chart of accounts is very much an art and not a science. With our MultiLedger accounting software, you can organize and track the financial reporting of an organization to the next level.

CheckMark MultiLedger makes it simple to create a Chart of Accounts for the profit centers. When you install CheckMark MultiLedger, it creates a folder called “COAs” in the “MLedger” folder. This folder contains several accounting charts that you can use in your business. The profit center chart of accounts can be found on your local disc in the folder “Sample COAs.” 3

This allows users to segregate and report on data in the MultiLedger in literally millions of different ways. You can adapt your current chart of accounts, create a new one, or copy and then modify an existing chart of account from one of the MultiLedger sample companies or the Sample COAs folder.

The following profit center chart of accounts structure and codes will provide stability and consistency with the level of detail in which you are viewing your financial data.

Profit Center Chart of Accounts
1010	Cashin Bank – General	6700.01	Due and Memberships – Store 1
1020	Cashin Bank – Payroll	6700.02	Dues and Memberships – Store 2
1030	Petty Cash	6800	Employee – Moving Expenses
1040	Money Market Account	6800.01	Employee/Moving – Store 1
1100	Accounts Receivable	6800.02	Employee/Moving – Store 2
1140	Allowance – Bad Debts	6900	Freight and Shipping
1200	Prepaid Expenses	6900.01	Freight & Shipping – Store 1
1400	Inventory	6900.02	Freight & Shipping – Store 2
1600	Land	7000	Insurance – Disability
1620	Building	7000.01	Insurance/Disability – Store 1
1640	Computer Equipment	7000.02	Insurance/Disability – Store 2
1660	Furniture & Fixtures	7010	Insurance – Group Health
1680	Leasehold Improvements	7010.01	Insurance/Group Health – Store 1
1690	Vehicles	7010.02	Insurance/Group Health – Store 2
1720	Accum. Depr. – Building	7020	Insurance – life
1740	Accum. Depr. – Comp. Equip.	7020.01	Insurance/life – Store 1
1760	Accum. Depr. – Furn. & Fix.	7020.02	Insurance/life – Store 2
1780	Accum. Depr. – Leaseholds	7030	Insurance – Officer Health
1790	Accum. Depr. – Vehicles	7030.01	Insurance/Off. Health – Store 1
1800	Construction in Progress	7030.02	Insurance/Off. Health – Store 2
1900	Deposits	7040	Insurance – Officer Life
1950	Long Term Notes Receivable	7040.01	Insurance/Off. Life – Store 1
2100	Accounts Payable	7040.02	Insurance/Off. Life – Store 2
2200	Sales Tax Payable	7100	Interest Expense
2300	Employee Health Insurance	7100.01	Interest Expense – Store 1
2310	Employee 401k Savings Plan	7100.02	Interest Expense – Store 2
2320	Federal Unemployment Tax	7200	Legal Fees
2330	State Unemployment Tax	7200.01	Legal Fees – Store 1
2340	FICA Tax Payable	7200.02	Legal Fees – Store 2
23SO	Federal Withholding Tax	7300	Messenger Services
2360	State Withholding Tax	7300.01	Messenger – Store 1
2370	Local Withholding Tax	7300.02	Messenger – Store 2
2380	State Disability Ins. Tax	7400	Miscellaneous
2390	Credit Union	7400.01	Miscellaneous – Store 1
2400	United Way	7400.02	Miscellaneous – Store 2
2700	line of Credit – Banks	7500	Parking
2750	Notes Payable – Bank	7500.01	Parking – Store 1
2800	Notes Payable – Shareholders	7500.02	Parking – Store 2
3000	Common Stock	7600	Pension Plan Expense
3020	Retained Earnings	7600.01	Pension Plan Expense – Store 1
4100	Sales – Consulting	7600.02	Pension Plan Expense – Store 2
4200	Sales – Labor	7700	Postage
4300	Sales – Merchandise	7700.01	Postage – Store 1
4300.01	Sales – Merchandise – Store 1	7700.02	Postage – Store 2
4300.02	Sales – Merchandise – Store 2	7800	Rent
4600	Sales Discounts	7800.01	Rent – Store 1
4600.01	Sales Discounts – Store 1	7800.02	Rent – Store 2
4600.02	Sales Discounts – Store 2	7900	Repairs & Maintenance
4700	Sales Returns & Allowances	7900.01	Repairs/Maint. – Store 1
4700.01	Sales Returns & Allow. Store 1	7900.02	Repairs/Maint. – Store 2
4700.02	Sales Returns & Allow. Store 2	8000	Reproduction & Printing Chgs.
4800	Other Income – Finance Charges	8000.01	Reproduction/Printing – Store 1
4800.01	Other Income – Store 1	8000.02	Reproduction/Printing – Store 2
4800.02	Other Income – Store 2	8100	Salaries – Agency Temp. Fees
4900	Freight Revenue	8100.01	Salaries – Temp. Fees – Store 1
4900.01	Freight Revenue – Store 1	8100.02	Salaries – Temp. Fees – Store 2
4900.02	Freight Revenue – Store 2	8110	Salaries – Commissions
5000	Cost of Goods Sold	8110.01	Salaries/Commissions – Store 1
5000.01	Cost of Goods Sold – Store 1	8110.02	Salaries/Commissions – Store 2
5000.02	Cost of Goods Sold – Store 2	8120	Salaries – Officers
5050	Delivery & Freight Charges	8120.01	Salaries/Officers – Store 1
5050.01	Delivery & Freight ·Store 1	8120.02	Salaries/Officers – Store 2
5050.02	Delivery & Freight – Store 2	8130	Salaries – Staff
5060	Purchase Discounts	8130.01	Salaries/Staff – Store 1
5060.01	Purchase Discounts – Store 1	8130.02	Salaries/Staff – Store 2
5060.02	Purchase Discounts – Store 2	8200	Storage
6000	Accounting Fees	8200.01	Storage – Store 1
6000.01	Accounting Fees – Store 1	8200.02	Storage – Store 2
6000.02	Accounting Fees – Store 2	8300	Subscriptions
6100	Advertising	8300.01	Subscriptions – Store 1
6100.01	Advertising – Store 1	8300.02	Subscriptions – Store 2
6100.02	Advertising – Store 2	8400	Supplies – Office
6200	Bad Debts	8400.01	Supplies/Office – Store 1
6200.01	Bad Debts – Store 1	8400.02	Supplies/Office – Store 2
6200.02	Bad Debts – Store 2	8410	Supplies – Other
6300	Bank Service Charges	8410.01	Supplies/Other – Store 1
6300.01	Bank Service Charges – Store 1	8410.02	Supplies/Other – Store 2
6300.02	Bank Service Charges – Store 2	8500	Taxes – Personal Property
6400	Business – Entertainment	8500.01	Taxes/Personal Prop. – Store 1
6400.01	Business/Entertainment – Store 1	8500.02	Taxes/Personal Prop. – Store 2
6400.02	Business/Entertainment – Store 2	8510	Taxes – Payroll
6410	Business – Meals	8510.01	Taxes/Payroll – Store 1
6400.01	Business/Entertainment – Store 1	8500.02	Taxes/Personal Prop. – Store 2
6400.02	Business/Entertainment – Store 2	8510	Taxes – Payroll
6410	Business – Meals	8510.01	Taxes/Payroll – Store 1
6410.01	Business/Meals – Store 1	8510.02	Taxes/Payroll – Store 2
6410.02	Business/Meals – Store 2	8520	Taxes – Real Estate
6420	Business – Travel	8520.01	Taxes/Real Estate – Store 1
6420.01	Business/Travel – Store 1	8520.02	Taxes/Real Estate – Store 2
6420.02	Business/Travel – Store 2	8600	Telephone
6500	Contributions – Char table	8600.01	Telephone – Store 1
6500.01	Contrib/Char table – Store 1	8600.02	Telephone – Store 2
6500.02	Contrib/Char table – Store 2	8700	Utilities
6510	Contributions – Political	8700.01	Utilities – Store 1
6510.01	Contrib/Political – Store 1	8700.02	Utilities – Store 2
6510.02	Contrib/Political – Store 2	9100	Gain/loss on Sale of Assets
6600	Depreciation Expense	9200	Interest Earned
6600.01	Depreciation Expense – Store 1	9600	Federal Income Tax
6600.02	Depreciation Expense – Store 2	9700	State Income Tax
6700	Dues and Memberships