Default Chart of Accounts

When you create a new organization in Bamboo, a default Chart of Accounts is automatically created based on your selected template.

Standard Business Template

The standard template includes these accounts:

Assets (1000-1999)

GL Code	Account Name	Description
1000	Cash	Primary cash account
1010	Petty Cash	Small cash on hand
1100	Accounts Receivable	Money owed to you
1200	Inventory	Goods for sale
1500	Fixed Assets	Long-term assets
1510	Accumulated Depreciation	Contra-asset account

Liabilities (2000-2999)

GL Code	Account Name	Description
2000	Accounts Payable	Money you owe
2100	Accrued Expenses	Expenses incurred but not paid
2200	Notes Payable	Loans payable
2300	VAT Payable	Tax collected for remittance

Equity (3000-3999)

GL Code	Account Name	Description
3000	Owner’s Capital	Owner’s investment
3100	Retained Earnings	Accumulated profits
3200	Drawings	Owner withdrawals

Revenue (4000-4999)

GL Code	Account Name	Description
4000	Sales Revenue	Primary income
4100	Service Revenue	Income from services
4200	Interest Income	Interest earned
4900	Other Income	Miscellaneous income

Expenses (5000-9999)

GL Code	Account Name	Description
5000	Cost of Goods Sold	Direct costs
6000	Salaries & Wages	Employee compensation
6100	Rent Expense	Office/facility rent
6200	Utilities Expense	Electric, water, internet
6300	Office Supplies	Consumables
6400	Depreciation Expense	Asset depreciation
6500	Insurance Expense	Business insurance
6600	Professional Fees	Legal, accounting, etc.
6700	Marketing Expense	Advertising & promotion
6800	Travel Expense	Business travel
6900	Bank Charges	Banking fees
7000	Interest Expense	Loan interest
9000	Miscellaneous Expense	Other expenses

Customizing the Default Accounts

You can:

• Rename accounts to match your terminology
• Add new accounts for specific needs
• Deactivate accounts you don’t need (they’re preserved for history)

See Adding Custom Accounts for details.