Healthcare & Medical Chart of Accounts

A comprehensive accounting structure tailored for healthcare & medical businesses

Why Use This Template?

A well-structured Chart of Accounts is essential for accurate financial tracking and reporting in the healthcare & medical 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 patients or insurance providers for services rendered
1103	Medical Supplies Inventory	Asset	Current Asset	Inventory of medical supplies and consumables
1201	Medical Equipment	Asset	Fixed Asset	Cost of medical equipment and machinery
1202	Office Equipment	Asset	Fixed Asset	Office furniture, computers, and related equipment
1401	Prepaid Insurance	Asset	Prepayment	Insurance premiums paid in advance
1402	Prepaid Rent	Asset	Prepayment	Payments made in advance for office or medical facility rental
2101	Accounts Payable	Liability	Current Liability	Money owed to suppliers and vendors
2102	Wages Payable	Liability	Current Liability	Unpaid salaries and wages owed to employees
2103	Taxes Payable	Liability	Current Liability	Taxes owed to government authorities
2201	Medical Equipment Loan Payable	Liability	Non-Current Liability	Long-term loans for purchasing medical 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
4101	Depreciation Expense	Expense	Depreciation	Allocation of costs for medical equipment and facilities over time
4201	Medical Supplies Expense	Expense	Direct Costs	Cost of consumable medical supplies used in patient care
4202	Medical Staff Wages	Expense	Direct Costs	Salaries and wages of medical professionals
4203	Lab Testing Costs	Expense	Direct Costs	Costs associated with lab tests and diagnostics
4301	Office Rent	Expense	Overhead	Cost of office or clinic space rental
4302	Utilities Expense	Expense	Overhead	Electricity, water, internet, and other utilities
4303	Administrative Salaries	Expense	Overhead	Salaries of administrative and non-medical staff
4304	Facility Maintenance	Expense	Overhead	Costs for maintaining the medical facility
4305	Software Subscriptions	Expense	Overhead	Costs for medical record management software subscriptions
5101	Consultation Revenue	Revenue	Revenue	Revenue from medical consultations
5102	Diagnostic Revenue	Revenue	Revenue	Revenue from lab tests and diagnostic services
5103	Surgical Revenue	Revenue	Revenue	Revenue from surgical procedures
5104	Pharmacy Revenue	Revenue	Revenue	Revenue from pharmacy sales