Arts & Entertainment Chart of Accounts
A comprehensive accounting structure tailored for arts & entertainment businesses
Why Use This Template?
A well-structured Chart of Accounts is essential for accurate financial tracking and reporting in the arts & entertainment sector. This template includes industry-specific accounts and categories designed to match your business operations.
How to Use This Template
- Review the account structure below
- Download in your preferred format (CSV or PDF)
- Customize account codes and names as needed
- Import into your accounting software
Chart of Accounts
| Account Code | Account Name | Category | Type | Description |
|---|---|---|---|---|
| 1101 | Cash | Asset | Current Asset | Physical cash and bank accounts |
| 1102 | Accounts Receivable | Asset | Current Asset | Money owed by clients for performances, shows, or services |
| 1103 | Inventory - Merchandise | Asset | Current Asset | Merchandise and promotional materials held for sale |
| 1201 | Stage Equipment | Asset | Fixed Asset | Lighting, sound systems, and stage equipment |
| 1202 | Musical Instruments | Asset | Fixed Asset | Instruments used for performances |
| 1203 | Studio Equipment | Asset | Fixed Asset | Equipment used in studios for production or recording |
| 1401 | Prepaid Event Venue Rent | Asset | Prepayment | Venue rental payments made in advance |
| 1402 | Prepaid Insurance | Asset | Prepayment | Insurance premiums paid in advance for events or productions |
| 2101 | Accounts Payable | Liability | Current Liability | Money owed to vendors, contractors, or suppliers |
| 2102 | Taxes Payable | Liability | Current Liability | Taxes owed to government authorities |
| 2103 | Wages Payable | Liability | Current Liability | Unpaid salaries and wages owed to performers and staff |
| 2201 | Equipment Loan Payable | Liability | Non-Current Liability | Long-term loans for purchasing stage or studio equipment |
| 2202 | Venue Lease Payable | Liability | Non-Current Liability | Long-term lease obligations for event venues |
| 3101 | Owner's Equity | Equity | Equity | Owner's initial and additional investments in the business |
| 3102 | Retained Earnings | Equity | Equity | Cumulative profits retained in the business for reinvestment |
| 4101 | Depreciation Expense - Stage Equipment | Expense | Depreciation | Depreciation of stage lighting and sound systems |
| 4102 | Depreciation Expense - Studio Equipment | Expense | Depreciation | Depreciation of studio recording and production equipment |
| 4201 | Performer Fees | Expense | Direct Costs | Payments made to performers, artists, and musicians |
| 4202 | Event Production Costs | Expense | Direct Costs | Costs associated with event planning and execution |
| 4203 | Cost of Merchandise | Expense | Direct Costs | Costs for producing or purchasing merchandise |
| 4301 | Venue Rental | Expense | Overhead | Cost of renting event or performance venues |
| 4302 | Utilities Expense | Expense | Overhead | Electricity, water, and internet expenses |
| 4303 | Administrative Salaries | Expense | Overhead | Salaries for administrative and managerial staff |
| 4304 | Marketing and Promotions | Expense | Overhead | Costs for advertising and promoting events or performances |
| 5101 | Event Ticket Sales | Revenue | Revenue | Revenue generated from ticket sales for events and performances |
| 5102 | Merchandise Sales | Revenue | Revenue | Revenue generated from merchandise sales |
| 5103 | Sponsorship Revenue | Revenue | Revenue | Revenue earned from event sponsorships |