Automotive Chart of Accounts

A comprehensive accounting structure tailored for automotive businesses

Why Use This Template?

A well-structured Chart of Accounts is essential for accurate financial tracking and reporting in the automotive 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 customers for vehicle sales or services
1103	Inventory - Vehicles	Asset	Current Asset	Vehicles held for sale
1104	Inventory - Spare Parts	Asset	Current Asset	Spare parts and accessories for sale or repair services
1201	Workshop Equipment	Asset	Fixed Asset	Cost of tools and equipment used in vehicle repairs and servicing
1202	Showroom Fixtures	Asset	Fixed Asset	Fixtures, displays, and furniture used in vehicle showrooms
1203	Company Vehicles	Asset	Fixed Asset	Vehicles owned by the company for operational purposes
1401	Prepaid Insurance	Asset	Prepayment	Insurance premiums paid in advance for vehicles and facilities
1402	Prepaid Rent	Asset	Prepayment	Rental payments made in advance for showrooms or workshops
2101	Accounts Payable	Liability	Current Liability	Money owed to suppliers for vehicles, parts, or services
2102	Taxes Payable	Liability	Current Liability	Unpaid taxes owed to government authorities
2103	Wages Payable	Liability	Current Liability	Unpaid salaries and wages owed to staff
2201	Vehicle Loan Payable	Liability	Non-Current Liability	Long-term loans for purchasing company vehicles
2202	Equipment Loan Payable	Liability	Non-Current Liability	Loans for acquiring workshop tools and equipment
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 - Vehicles	Expense	Depreciation	Depreciation of company vehicles
4102	Depreciation Expense - Equipment	Expense	Depreciation	Depreciation of workshop equipment
4201	Cost of Goods Sold - Vehicles	Expense	Direct Costs	Cost of purchasing or manufacturing vehicles for sale
4202	Cost of Goods Sold - Spare Parts	Expense	Direct Costs	Cost of spare parts sold to customers
4203	Direct Labor Costs	Expense	Direct Costs	Wages of mechanics and technicians directly involved in repairs
4301	Workshop Rent	Expense	Overhead	Rental costs for workshops and repair facilities
4302	Utilities Expense	Expense	Overhead	Electricity, water, and gas expenses for facilities
4303	Administrative Salaries	Expense	Overhead	Salaries for office and administrative staff
4304	Marketing and Advertising	Expense	Overhead	Expenses for vehicle promotions and advertising campaigns
5101	Vehicle Sales Revenue	Revenue	Revenue	Revenue earned from the sale of vehicles
5102	Spare Parts Sales Revenue	Revenue	Revenue	Revenue earned from the sale of spare parts
5103	Repair and Maintenance Revenue	Revenue	Revenue	Revenue earned from repair and maintenance services