*Code *Name *Type *Tax Code Description

100 Accounts Receivable Accounts Receivable BAS Excluded Outstanding invoices the company has issued out to the client but has not yet received in cash at balance date.

102 Office Supplies Current Asset BAS Excluded Eg Stationery used in the office

103 Repair Supplies Current Asset BAS Excluded Eg Supplies used on clients during repairs

104 Inventory - Bicycle Repair Products Current Asset BAS Excluded Inventory of Bicycle Products- adjusted periodically

105 Interest receivable Current Asset BAS Excluded Interest yet to be received from savings account

110 Prepaid rent - premises Current Asset BAS Excluded An expenditure that has been paid for in advance.

112 Prepaid Insurance Current Asset BAS Excluded An expenditure that has been paid for in advance.

200 Office Furniture & Fixtures Fixed Asset GST on Expenses Assets used in the business

201 Repair Equipment Fixed Asset GST on Expenses Assets used in the business

202 Office Equipment Fixed Asset GST on Expenses Assets used in the business

203 Vehicle Fixed Asset GST on Expenses Assets used in the business

204 Computers Fixed Asset GST on Expenses Assets used in the business

220 Less Acc Depn - Office Furniture and Fixtures Fixed Asset BAS Excluded Accumulation of depreication over the assets useful life

221 Less Acc Depn - Repair Equipment Fixed Asset BAS Excluded Accumulation of depreication over the assets useful life

222 Less Acc Depn - Office Equip Fixed Asset BAS Excluded Accumulation of depreication over the assets useful life

223 Less Acc Depn - Vehicle Fixed Asset BAS Excluded Accumulation of depreication over the assets useful life

224 Less Acc Depn - Computers Fixed Asset BAS Excluded Accumulation of depreication over the assets useful life

300 Accounts Payable Accounts Payable BAS Excluded Outstanding invoices the company has received from suppliers but has not yet paid at balance date

301 Interest Payable Current Liability BAS Excluded Outstanding amounts payable

302 Salaries Payable Current Liability BAS Excluded Outstanding salaries due to be paid

303 Superannuation Payable Current Liability BAS Excluded Outstanding amounts payable

304 Unearned Revenue - vouchers Current Liability BAS Excluded Vouchers sold in advance for spa treatments

305 PAYG Withholdings payable Current Liability BAS Excluded The amount of PAYG tax that is due to be paid

310 Annual Leave Accrual Current Liability BAS Excluded Annual leave entitlements owing

320 Company Tax Payable Current Liability BAS Excluded Tax payable

410 Provision for Long Service Leave Non-current liability BAS Excluded Long service leave entitlements provided for

420 Loan, non-current (8% pa 1 Jan 2017) Non-current liability BAS Excluded Money owed from bank loan

500 Capital Equity BAS Excluded Owners capital contribution

600 Repair Service Revenue Revenue GST on Income Revenue from repair services

601 Sales Revenue - Repair Product Sales Revenue GST on Income Revenue from repair product sales

605 Sales Returns and Allowances Revenue GST on Income Sales returns for faulty products sold

608 Interest Revenue Other Income BAS Excluded Revenue from bank interest

610 Discount Received Direct Costs GST on Expenses Discounts received on purchases

700 Purchases Direct Costs GST on Expenses Purchase of salon repair products for sale (note not used in repairs)

701 Purchase Returns and Allowances Direct Costs GST on Expenses Returns for products purchased that may be faulty

702 Freight inwards Direct Costs GST on Expenses Costs to have goods purchased delivered

703 Discount Allowed Expense GST on Expenses Discounts allowed on sale of repair products

800 Salary Expense Expense BAS Excluded Wages paid to employees

801 Salary Expense - PAYG Expense BAS Excluded PAYG withheld and sent to the tax office

802 Superannuation Expense Expense BAS Excluded Statutory 9.5% superannuation paid to employees superannuation

803 Rent Expense - premises Expense GST Free Expenses Rent expense

805 Gas & Electricity Expense - premises Expense GST on Expenses Utilities Expenses

807 Depreciation Expense - Repair Equipment Expense BAS Excluded Periodic reduction in value of fixed assets

808 Depreciation Expense - Office Furniture Expense BAS Excluded Periodic reduction in value of fixed assets

809 Depreciation Expense - Computers Expense BAS Excluded Periodic reduction in value of fixed assets

810 Depreciation Expense - Vehicle Expense BAS Excluded Periodic reduction in value of fixed assets

811 Depreciation Expense - Office Equipment Expense BAS Excluded Periodic reduction in value of fixed assets

830 Supplies Expense - Office Expense GST on Expenses Office supplies used during the period

831 Repairs Supplies Expense Expense GST on Expenses Repairs supplies used during the period

832 Vehicle Maintenance Expense Expense GST on Expenses Vehicle expenses

833 Vehicle Petrol Expenses Expense GST on Expenses Vehicle expenses

835 Interest Expense Expense GST Free Expenses Interest payments made

836 Insurance Expense Expense GST on Expenses Insurance Expenses paid

850 General Expenses Expense GST on Expenses General or miscellaneous expenses paid

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