Live General Ledger & Controlling demo — journals, trial balance, budget-vs-actual variance and financial statements.

Chart of Accounts / Trial Balance

The GL structure — every balance, debits = credits

Demogl.myclienta.com

Mette Holm

Group Controller

Chart of Accounts & Trial Balance

28 GL accounts + current-year result

Trial balance ties out— total debits DKK 110,650,000 = total credits DKK 110,650,000

Code	Account	Type	Group	Debit	Credit
1000	Cash & bank — operating	asset	Cash & equivalents	DKK 12,480,000	—
1010	Cash & bank — payroll	asset	Cash & equivalents	DKK 1,640,000	—
1200	Accounts receivable (AR)	asset	Receivables	DKK 18,240,000	—
1210	Allowance for doubtful accounts	asset	Receivables	—	DKK 640,000
1300	Inventory — finished goods	asset	Inventory	DKK 14,950,000	—
1400	Prepaid expenses	asset	Other current assets	DKK 1,185,000	—
1500	Property, plant & equipment	asset	Fixed assets	DKK 28,600,000	—
1510	Accumulated depreciation	asset	Fixed assets	—	DKK 9,420,000
2000	Accounts payable (AP)	liability	Payables	—	DKK 11,360,000
2100	Accrued expenses	liability	Accruals	—	DKK 2,240,000
2110	GR/IR — goods received not invoiced	liability	Accruals	—	DKK 1,410,000
2200	VAT payable	liability	Tax	—	DKK 1,980,000
2300	Bank loan — long term	liability	Debt	—	DKK 16,000,000
2400	Deferred revenue	liability	Other liabilities	—	DKK 1,585,000
3000	Share capital	equity	Equity	—	DKK 10,000,000
3100	Retained earnings	equity	Equity	—	DKK 28,415,000
4000	Product revenue — distribution	revenue	Revenue	—	DKK 24,180,000
4100	Service & installation revenue	revenue	Revenue	—	DKK 3,420,000
4900	Sales returns & allowances	revenue	Revenue	DKK 410,000	—
5000	Cost of goods sold	expense	COGS	DKK 14,980,000	—
5100	Freight & logistics	expense	COGS	DKK 2,020,000	—
6000	Salaries & wages	expense	Operating expenses	DKK 4,910,000	—
6100	Marketing & sales	expense	Operating expenses	DKK 1,240,000	—
6200	IT & software	expense	Operating expenses	DKK 880,000	—
6300	Facilities & rent	expense	Operating expenses	DKK 640,000	—
6400	Professional services	expense	Operating expenses	DKK 410,000	—
6900	Depreciation & amortization	expense	Operating expenses	DKK 350,000	—
7000	Interest expense	expense	Financial	DKK 196,000	—
3900	Current-year result (P&L plug)	equity	Equity	DKK 7,519,000	—
Total — trial balance				DKK 110,650,000	DKK 110,650,000