Account Code Main Account Primary Account Secondary Account
01-01-01-01 Assets Current Assets Cash and Cash Equivalents
01-01-01-02 Assets Current Assets Cash and Cash Equivalents
01-01-01-03 Assets Current Assets Cash and Cash Equivalents
01-01-02-01 Assets Current Assets Accounts Receivable
01-01-02-02 Assets Current Assets Accounts Receivable
01-01-03-01 Assets Current Assets Prepaid Expenses
01-01-03-02 Assets Current Assets Prepaid Expenses
01-01-03-03 Assets Current Assets Prepaid Expenses
01-01-04-01 Assets Current Assets Other Current Assets
01-01-04-02 Assets Current Assets Other Current Assets
01-01-05-01 Assets Current Assets Short-Term Loans
01-01-05-02 Assets Current Assets Short-Term Loans
01-01-05-03 Assets Current Assets Short-Term Loans
01-01-06-01 Assets Current Assets Short-Term Investments
01-01-06-02 Assets Current Assets Short-Term Investments
01-01-06-03 Assets Current Assets Short-Term Investments
01-02-01-01 Assets Non-Current Assets Property, Plant & Equipment
01-02-01-02 Assets Non-Current Assets Property, Plant & Equipment
01-02-01-03 Assets Non-Current Assets Property, Plant & Equipment
01-02-01-04 Assets Non-Current Assets Property, Plant & Equipment
01-02-01-05 Assets Non-Current Assets Property, Plant & Equipment
01-02-01-06 Assets Non-Current Assets Property, Plant & Equipment
01-02-01-07 Assets Non-Current Assets Property, Plant & Equipment
01-02-02-01 Assets Non-Current Assets Intangible Assets
01-02-02-02 Assets Non-Current Assets Intangible Assets
01-02-02-03 Assets Non-Current Assets Intangible Assets
01-02-03-01 Assets Non-Current Assets Loans to Individuals
01-02-03-02 Assets Non-Current Assets Loans to Individuals
01-02-03-03 Assets Non-Current Assets Loans to Individuals
01-02-03-04 Assets Non-Current Assets Loans to Individuals
01-02-04-01 Assets Non-Current Assets Business Investments
01-02-04-02 Assets Non-Current Assets Business Investments
01-02-04-03 Assets Non-Current Assets Business Investments
01-02-04-04 Assets Non-Current Assets Business Investments
02-01-01-01 Liabilities Current Liabilities Accounts Payable
02-01-01-02 Liabilities Current Liabilities Accrued Expenses
02-01-01-03 Liabilities Current Liabilities Accrued Expenses
02-01-01-04 Liabilities Current Liabilities Accrued Expenses
02-01-02-01 Liabilities Current Liabilities Short-Term Loans Payable
02-01-02-02 Liabilities Current Liabilities Short-Term Loans Payable
02-01-03-01 Liabilities Current Liabilities Taxes Payable
02-01-03-02 Liabilities Current Liabilities Taxes Payable
02-01-03-03 Liabilities Current Liabilities Taxes Payable
02-01-04-01 Liabilities Current Liabilities Employee Benefits Payable
02-01-04-02 Liabilities Current Liabilities Employee Benefits Payable
02-01-05-01 Liabilities Current Liabilities Unearned Revenue
02-01-06-01 Liabilities Current Liabilities Commissions Payable
02-01-06-02 Liabilities Current Liabilities Commissions Payable
02-02-01-01 Liabilities Non-Current Liabilities Long-Term Loans Payable
02-02-01-02 Liabilities Non-Current Liabilities Long-Term Loans Payable
02-02-01-03 Liabilities Non-Current Liabilities Long-Term Loans Payable
02-02-02-01 Liabilities Non-Current Liabilities Lease Liabilities
02-02-02-02 Liabilities Non-Current Liabilities Lease Liabilities
02-02-03-01 Liabilities Non-Current Liabilities Employee Benefits Payable
02-02-04-01 Liabilities Non-Current Liabilities Deferred Tax Liabilities
03-01-01-01 Equity Owner’s Equity Owner’s Capital
03-01-02-01 Equity Owner’s Equity Additional Capital
03-01-03-01 Equity Owner’s Equity Drawings
03-02-01-01 Equity Retained Earnings Accumulated Profits
03-02-02-01 Equity Retained Earnings Accumulated Losses
03-03-01-01 Equity Reserves General Reserve
03-03-02-01 Equity Reserves Asset Revaluation Reserve
04-01-01-01 Income Operating Income Consultancy Fees
04-01-01-02 Income Operating Income Consultancy Fees
04-01-01-03 Income Operating Income Consultancy Fees
04-01-02-01 Income Operating Income Service Charges
04-01-02-02 Income Operating Income Service Charges
04-02-01-01 Income Commission Income University Commissions
04-02-02-01 Income Commission Income Agent Commissions
04-02-03-01 Income Commission Income Travel Agents
04-03-01-01 Income Other Income Event Income
04-03-01-01 Income Other Income Event Income
04-03-02-01 Income Other Income Referral Income
04-03-03-01 Income Other Income Sponsorships
04-03-04-01 Income Other Income Affiliate Marketing
05-01-01-01 Expenses Operating Expenses Employee Costs
05-01-01-02 Expenses Operating Expenses Employee Costs
05-01-01-03 Expenses Operating Expenses Employee Costs
05-01-01-04 Expenses Operating Expenses Employee Costs
05-01-02-01 Expenses Operating Expenses Administrative Costs
05-01-02-02 Expenses Operating Expenses Administrative Costs
05-01-02-03 Expenses Operating Expenses Administrative Costs
05-01-02-04 Expenses Operating Expenses Administrative Costs
05-01-02-05 Expenses Operating Expenses Administrative Costs
05-01-02-06 Expenses Operating Expenses Administrative Costs
05-01-02-07 Expenses Operating Expenses Administrative Costs
05-01-02-08 Expenses Operating Expenses Administrative Costs
05-01-02-09 Expenses Operating Expenses Administrative Costs
05-01-02-10 Expenses Operating Expenses Administrative Costs
05-01-02-11 Expenses Operating Expenses Administrative Costs
05-01-02-12 Expenses Operating Expenses Administrative Costs
05-01-03-01 Expenses Operating Expenses Utility Expenses
05-01-04-01 Expenses Operating Expenses Office Maintenance
05-02-01-01 Expenses Depreciation & Amortization Depreciation
05-02-01-02 Expenses Depreciation & Amortization Depreciation
05-02-02-01 Expenses Depreciation & Amortization Amortization
05-03-01-01 Expenses Financial Expenses Bank Charges
05-03-02-01 Expenses Financial Expenses Interest Expense
05-03-03-01 Expenses Financial Expenses Bad Debts
05-04-01-01 Expenses Client Support & Services Application Processing
05-04-01-02 Expenses Client Support & Services Application Processing
05-04-02-01 Expenses Client Support & Services Counselling Services
05-04-02-02 Expenses Client Support & Services Counselling Services
05-05-01-01 Expenses Training & Development Employee Training
05-05-01-02 Expenses Training & Development Employee Training
05-06-01-01 Expenses IT & Digital Services IT Maintenance
05-06-01-02 Expenses IT & Digital Services IT Maintenance
05-06-02-01 Expenses IT & Digital Services Digital Tools
05-06-02-02 Expenses IT & Digital Services Digital Tools
05-07-01-01 Expenses Miscellaneous Expenses Charitable Contributions
05-07-01-02 Expenses Miscellaneous Expenses Charitable Contributions
05-08-01-01 Expenses Repairs & Maintenance Office Maintenance
05-08-01-02 Expenses Repairs & Maintenance Office Maintenance
05-08-01-03 Expenses Repairs & Maintenance Office Maintenance
05-08-01-04 Expenses Repairs & Maintenance Office Maintenance
05-08-01-05 Expenses Repairs & Maintenance Office Maintenance
05-08-01-06 Expenses Repairs & Maintenance Office Maintenance
05-08-01-07 Expenses Repairs & Maintenance Office Maintenance
05-08-02-01 Expenses Repairs & Maintenance IT & Equipment Maintenance
05-08-02-02 Expenses Repairs & Maintenance IT & Equipment Maintenance
05-08-02-03 Expenses Repairs & Maintenance IT & Equipment Maintenance
05-08-02-04 Expenses Repairs & Maintenance IT & Equipment Maintenance
05-08-03-01 Expenses Repairs & Maintenance Furniture Maintenance
05-08-03-02 Expenses Repairs & Maintenance Furniture Maintenance
05-08-03-03 Expenses Repairs & Maintenance Furniture Maintenance
05-08-04-01 Expenses Repairs & Maintenance Security System Maintenance
05-08-04-02 Expenses Repairs & Maintenance Security System Maintenance
05-08-04-03 Expenses Repairs & Maintenance Security System Maintenance
Control Account
Cash in Hand
Bank Account - ABC Bank
Bank Account - XYZ Bank
Student Fees Receivable
Agent Commission Receivable
Prepaid Rent
Prepaid Insurance
Prepaid Software Subscriptions
Security Deposits (Office Lease)
Advance to Staff
Advance Salary to Employee
Loan to Client/Student
Loan to Contractor/Supplier
Trading in Real Estate
Investment in Online Retail
Investment in Crypto/Forex
Office Building
Furniture & Fixtures
Office Equipment
Computers & Laptops
Printers & Scanners
Air Conditioners
Security Systems (CCTV, Access Control)
Software Licenses
Website Development Costs
Trademarks & Branding
Loan to Employee
Loan to Business Partner
Loan to Family Member
Loan to Friend
Investment in Real Estate
Investment in E-Commerce
Investment in Startups
Investment in Education Sector
Payables to Vendors/Suppliers
Accrued Office Rent
Accrued Salaries & Wages
Accrued Utilities (Electricity, Internet, etc.)
Bank Overdraft
Loan from Business Partner
Sales Tax Payable
Income Tax Payable
Withholding Tax Payable
PAYG Withholding Tax Payable
Superannuation Payable
Advance Payments from Students
Commission Payable to Referees
Commission Payable to Sub-Agents
Bank Loan
Loan from Investors
Loan from Director
Office Lease Payable
Vehicle Lease Payable
Long-Service Leave Payable
Deferred Income Tax
Initial Investment
Owner’s Additional Investment
Withdrawals for Personal Use
Retained Earnings
Prior Year Losses
Business Growth & Expansion
Office & Equipment Valuation
Consultancy Service Charges
Student Visa Processing Fees
Visit Visa Processing Fee
Language Test Service Charges
IHS Service Charges
Commission from Partner Universities
Commission from Other Education Agents
Commission from Travel Agents
Educational Expo Registration Fees
Seminar / Workshop Fees
Commission from Language Training Centers
Sponsorship from Educational Institutions
Referral Commissions from Service Providers
Salaries & Wages
Staff Benefits (Health Insurance, Bonuses)
Recruitment & Training
Payroll Taxes
Office Rent
Utilities (Electricity, Water, Internet)
Office Supplies (Stationery, Printing)
Marketing & Advertising
Website Maintenance & Hosting
CRM & Software Subscription
Travel & Accommodation
Client Entertainment & Meetings
Visa & Legal Processing Fees
Courier & Postage
Cleaning & Janitorial Services
Kitchen Supplies & Refreshments
Power Backup – Rechargeable Batteries
Battery Replacement & Maintenance
Depreciation - Office Equipment
Depreciation - Computers & Software
Amortization - Website Development
Transaction Fees
Loan Interest
Unrecoverable Receivables
Application Submission Fees
Document Verification Charges
Student Guidance Sessions
Pre-Departure Orientation
Online Courses & Certifications
Industry Conferences & Workshops
Hardware & Software Repairs
Cybersecurity & Data Protection
Lead Management System
Virtual Meeting Platforms (Zoom, Teams)
CSR & Community Engagement
Donations
Glass Wall Installation
Air Conditioning Repair
Electrical Repairs
Plumbing & Water System Repairs
Ceiling & Roof Repairs
Flooring Repairs
Wall Painting & Touch-Ups
Computer Repairs
Printer & Scanner Repairs
Software Upgrades & Bug Fixes
Networking & Server Maintenance
Chair & Table Repairs
Cabinet & Storage Fixes
Sofa & Reception Area Maintenance
CCTV System Repairs
Access Control System Repairs
Fire Alarm & Safety Equipment Repairs
