Chart Of Accout COA

Normally, ERP system will be starting the Finance module first because it would be the simplest one to implement. Most of the application and process flows are standard and lead to less customization.  Chart of account (COA) is the starting point where ERP consultant will be helping Account dept head to setup this.

Below are typical COA 

Ledger	Account	Type	Category	Name
BALANCE	CASH AT BANK	CURRENT	ASSET	Bank Balance
BALANCE	DEPOSITS	CURRENT	ASSET	Cash Receipt Clearing
BALANCE	DEPOSITS EFT	CURRENT	ASSET	EFTPOS Clearing
BALANCE	PPS TAX	CURRENT	LIABILITY	Provision
BALANCE	PPS TAX DB	CURRENT	ASSET	Tax Withheld by Clients
BALANCE	STOCK ADJUST	CURRENT	ASSET	Write Off
BALANCE	STOCK TAKE	CURRENT	ASSET	Variations
BALANCE	PAY CLEARING	CURRENT	LIABILITY	Net Payroll Clearing
BALANCE	GROUP TAX	CURRENT	LIABILITY	Provision for Taxation
BALANCE	SUPER (SGC)	CURRENT	LIABILITY	Provision for Superannuation
TRADING	SUPER (SGC)	'INDIRECT	EXPENSE	Employer Superannuation
TRADING	COST OF SALE	DIRECT	COST	Cost of Goods or Services
TRADING	SALES	DIRECT	SALES	Revenue
TRADING	SURCHARGE	DIRECT	SALES	Surcharge - Extra Processing
TRADING	DISCOUNT DB	DIRECT	COST	Settlement Discount
TRADING	DISCOUNT CR	DIRECT	INCOME	Settlement Discount
TRADING	STOCK ADJUST	DIRECT	COST	Write Off
TRADING	STOCK REVALU	DIRECT	COST	Standard Cost & Residuals
TRADING	STOCK TAKE	DIRECT	COST	Stock Take Journals
TRADING	DISCOUNT	DIRECT	COST	Sales Invoice Discount
BALANCE	TIME COST	CURRENT	LIABILITY	Time Cost Provision
BALANCE	CASH FOREX	CURRENT	ASSET	Foreign Currency Balance
TRADING	ROUNDING	DIRECT	COST	Five Cent Rounding
BALANCE	ADJUSTMENTS	CURRENT	PROPRIETOR	Imbalances Etc
BALANCE	RETENTIONS	CURRENT	ASSET	Retentions by Debtors
BALANCE	EFT CLEARIN	CURRENT	LIABILITY	Electronic Payments
BALANCE	JOURNALS	CURRENT	LIABILITY	General Ledger Posting
TRADING	VARIATIONS	DIRECT	COST	Variations from Standard Cost
BALANCE	ADD ON COST	CURRENT	LIABILITY	Extra Landed Cost
TRADING	PRODUCTION	DIRECT	COST	Production Clearing
BALANCE	GST	CURRENT	LIABILITY	Goods & Services Tax
TRADING	FREIGHT IN	DIRECT	COST	Freight Charged by Suppliers
TRADING	FREIGHT OUT	DIRECT	INCOME	Freight Charged to Customers
BALANCE	Company.CREDITORS	CURRENT	CLEARING	Creditors Branch Loan A/c
BALANCE	Company.DEBTORS	CURRENT	CLEARING	Debtors Branch Loan A/c
BALANCE	Company.JOURNALS	CURRENT	CLEARING	Journals Branch Loan A/c
BALANCE	Company.PAYROLL	CURRENT	CLEARING	Payroll Branch Loan A/c

Then Chart of Sub Account

BALANCE	GST	SALES	GST Charged on Sales
BALANCE	GST	PURCHASE	GST on Purchases
BALANCE	GST	ADJUST	GST on Settlement Discount
BALANCE	GST	TAX PAID	GST Remitted to ATO
TRADING	VARIATIONS	PURCHASE	Variations on Purchase Orders
TRADING	VARIATIONS	FROM WIP	Variations in Manufacture

Extracted from http://help.lennox.com.au/