Sky Trusts Chart of Accounts
| Sky Trusts automatically creates the Chart of Accounts which is listed below.
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Income
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Expense
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Distribution
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1000
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Capital
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1001
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Retained Income
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Local Income
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2100
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3100
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5100
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Remuneration
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3601,3602,
3603,3604,
3605,3606,
3616,3617,
3620,3621,
3667,3670,
3719,3720,
3721,
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2200
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3200
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5200
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Annuities
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3610,3611
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2250
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3250
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5250
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Lump Sums
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3915
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Paye 4115
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2300
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3300
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5300
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Interest
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4201
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2350
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3350
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5350
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SARS Interest
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4237
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2400
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3400
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5400
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Dividends deemed to be Income i.t.o s8E
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14292
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2450
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3450
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5450
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REIT Distribution
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4238
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2500
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3500
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5500
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Rental Income
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R 500
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3510
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Accounting Fees
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R 510
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3515
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Agency Fees
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R 515
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3520
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Bad Debts
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R 520
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3530
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Depreciation
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R 530
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3535
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Electricity/Rates Taxes
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R 535
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3540
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Insurance
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R 540
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3545
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Interest / Finance Charges
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R 545
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3550
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Levies
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R 550
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3555
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Repairs and Maintenance
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R 555
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3599
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Other Expenses
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R 599
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4570
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Expenses Incurred
ITO right of use
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RA70
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4575
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Amounts claimed
for Acc
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RA75
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4580
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Tax Deductions and
Allowances
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RA80
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2600
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5600
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Business Income
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2600
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Turnover
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2601
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Other Income
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2610
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Cost of Sales
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3620-3699
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Expenditure
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3620
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Accounting/Consulting/Trustees Fees
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3625
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Agency Fees
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3630
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Bad Debts
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3635
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Capital Allowance/Trustee Fees
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3640
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Electricity/Rates Taxes
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3645
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Entertainment
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3650
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Insurance
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3655
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Interest/Finance Charges
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3660
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Lease Payments
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3665
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Legal costs
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3670
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Rental
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3675
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Repairs and Maintenance
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3680
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Royalties and Licence Fees
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3685
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Salaries and Wages
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3690
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Travel Costs
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3699
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Other Expenses
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4670
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Expenses Incurred ITO right of use
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4675
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Amounts claimed for Acc
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4680
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Tax Deductions and Allowances
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2700
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5700
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Farming Income
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2800
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5800
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Other Local Income
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4212,4213,4214
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4870
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expenses incurred itoright of use
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OA70
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4875
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Amounts claimed for acc
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OA75
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4880
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Tax Deductions and Allowances
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OA80
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2900
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5900
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Donations
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4455
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2950
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3950
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5950
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Non Taxable Income
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2960
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3960
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5960
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Local dividends
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2970
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3970
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5970
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Exempt Foreign Dividends
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2980
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3980
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5980
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Other Non Taxable income
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3000
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Expense codes
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4000
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Ajustments
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5000
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Distributions
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6000
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Taxations
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7000
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Loan/Vested Accounts
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8000/Annn
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Assets
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9000/Lnnn
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Liabilities
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*SUSP*
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Suspense
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