COA

 Chart of Accounts (COA) for a retail business:

1. Assets 1.1 Current Assets • 1010 Cash • 1011 Petty Cash • 1012 Checking Account • 1013 Savings Account • 1020 Accounts Receivable • 1021 Customer A • 1022 Customer B • 1030 Inventory • 1031 Finished Goods • 1032 Raw Materials (if applicable) • 1033 Work-in-Progress (if applicable) • 1040 Prepaid Expenses • 1041 Prepaid Rent • 1042 Prepaid Insurance 1.2 Non-Current Assets • 1050 Fixed Assets • 1051 Furniture and Fixtures • 1052 Office Equipment • 1053 Vehicles • 1054 Leasehold Improvements • 1060 Accumulated Depreciation • 1061 Furniture and Fixtures Depreciation • 1062 Equipment Depreciation 2. Liabilities 2.1 Current Liabilities • 2010 Accounts Payable • 2011 Supplier A • 2012 Supplier B • 2020 Accrued Expenses • 2021 Salaries Payable • 2022 Utilities Payable • 2030 Taxes Payable • 2031 Sales Tax Payable • 2032 Income Tax Payable • 2040 Unearned Revenue (if applicable) 2.2 Non-Current Liabilities • 2050 Loans Payable • 2051 Bank Loan A • 2052 Equipment Loan 3. Equity • 3010 Owner’s Equity • 3020 Retained Earnings • 3030 Drawings/Distributions 4. Revenue • 4010 Sales Revenue • 4011 Retail Sales • 4012 Online Sales • 4020 Discounts Allowed 5. Expenses 5.1 Cost of Goods Sold (COGS) • 5010 COGS • 5011 Purchase of Goods • 5012 Freight Charges • 5013 Purchase Returns 5.2 Operating Expenses • 5020 Salaries and Wages • 5030 Rent Expense • 5040 Utilities • 5041 Electricity • 5042 Water • 5043 Internet/Phone • 5050 Insurance • 5060 Advertising and Marketing • 5061 Social Media Ads • 5062 Print Ads • 5070 Depreciation Expense • 5080 Repairs and Maintenance • 5090 Office Supplies • 5100 Miscellaneous Expenses 5.3 Financial Expenses • 5110 Bank Charges • 5120 Interest Expense 6. Other Income and Expenses • 6010 Other Income • 6011 Interest Income • 6012 Rental Income • 6020 Other Expenses • 6021 Loss on Disposal of Assets • 6022 Penalties and Fines