👋 Welcome to Adnan Sajjad Professional Services Hub 💼 Financial Analyst | ✈️ Travel & Tourism | 📱 Digital Marketing | 🏡 Real Estate © Since 2008
e.g Available at the End
🔗 Key Responsibilities & Achievements:
📊 ERP Systems & Financial Management
Specialized in ERP systems such as Oracle, FoxPro, Tally ERP, and Microsoft Dynamics 365 for financial operations management.
Designed, implemented, and maintained a Chart of Accounts (CoA) for accurate classification of transactions.
Managed multi-currency transactions and intercompany entries across global ERP platforms.
Automated reporting for IFRS compliance, ensuring accurate and timely financial disclosures.
📑 IFRS Compliance & Financial Reporting
Prepared Profit & Loss Statements (P&L), Balance Sheets, Cash Flow Statements, and Trial Balances in accordance with IFRS standards.
Ensured accurate classification of assets, liabilities, equity, revenues, and expenses within the Chart of Accounts (CoA).
Supported external auditors with disclosures, schedules, reconciliations, and compliance reports to meet regulatory requirements.
🧾 Audit Support & Financial Closures
Led monthly, quarterly, and annual financial closures, including bank and ledger reconciliations.
Prepared audit schedules, disclosure notes, and statutory compliance reports for auditors.
Coordinated with auditors, consultants, and regulatory authorities to ensure proper tax filings and statutory reports.
👨🏫 Mentorship & Team Collaboration
Trained and mentored junior accountants on Chart of Accounts setup, IFRS compliance, reconciliations, and financial reporting.
Assisted teams in the adoption of ERP systems, streamlining accounting operations and enhancing efficiency.
📘 Core Accounting & Finance Expertise
Bookkeeping & Documentation: Managed Cash Vouchers (CV), Receipt Vouchers (RV), Payment Vouchers (PV), Journal Vouchers (JV), and processed sales/purchase invoices, POs, and expense claims.
Expense & Cash Management: Managed petty cash, bank reconciliations, and employee wages, while overseeing tax deductions.
Taxation & Compliance: Ensured compliance with GST, VAT, and WHT through proper record-keeping and filings. Prepared corporate tax returns, P&L reports, and annual financial statements.
📈 Financial Analysis & Forecasting
Supported month-end, quarter-end, and year-end closings, ensuring compliance with IFRS standards.
Conducted financial analysis for budgeting, forecasting, and variance analysis, leading to more accurate P&L and Balance Sheet preparation.
🛠️ Technical Skills & Software Proficiency
ERP & Accounting Systems:
Oracle NetSuite (Cloud ERP): Multi-currency management and IFRS reporting.
Microsoft Dynamics 365: Consolidations, reconciliations, and financial reporting.
Tally ERP 9: GST/VAT compliance, financial reporting, and Chart of Accounts management.
FoxPro & Oracle: Customized accounting solutions for various sectors.
1C Enterprise & POS: Retail and distribution accounting platforms.
Finance & Office Tools:
Advanced proficiency in MS Excel (financial modeling, reconciliations, and reporting).
Competent with MS Word, MS PowerPoint, Windows Admin, Adobe Photoshop for presentations and templates.
Microsoft Teams and TeamViewer for remote collaboration.
🔧 Additional Skills
Expert in manual and digital reconciliations across Accounts Payable (AP), Accounts Receivable (AR), bank and cash ledgers.
Process improvement for enhancing financial accuracy and compliance across all financial operations.
📄 View My CV:
🔗 Adnan Sajjad CV – 2025
🆔 Identity Verification:
🔗 Official Identity Card
📬 Contact Me Anytime:
🔗 Contact Adnan Sajjad
ERP & IFRS Certification:
Practical Training in ERP & IFRS-Based Financial Systems
Training in Microsoft Dynamics 365, Tally, Oracle, FoxPro.
NQF & EQF Level 5
🔗 Financial Analyst – ERP & IFRS Certification
🔗 Vocational Professional Certificate – NQF 5 / EQF 5
🔗 Vocational Professional Skills Certificate – NQF 5 / EQF 5
🔗 Higher Education Qualification – B.Com
01/01/2001 – 30/11/2007
Swift Travels Pvt Ltd – Accountant
📍 Karachi, Pakistan
📌 Department: Financial Services
📧 Email: swifttravel@hotmail.com
🌐 Website: Swift Travels
Responsibilities & Achievements:
📑 Maintained accurate financial records (CV, RV, PV, JV).
💰 Managed sales & purchase invoicing, petty cash, and bank reconciliations.
📊 Prepared Profit & Loss Statements and Balance Sheets.
✅ Ensured compliance with tax filings (GST, WHT, corporate returns).
🤝 Supported auditors with financial reports and documentation.
01/01/2008 – 31/05/2012
Concepts Travel Pvt Ltd – Director
📍 Karachi, Pakistan
📌 Department: Travel Agency
📧 Email: adnansajjadnew786@gmail.com
🌐 Website: Concepts Travel
Responsibilities & Achievements:
🏦 Oversaw company financial operations and ERP-based accounting systems.
📌 Designed and implemented Chart of Accounts for compliance.
📊 Prepared financial statements (P&L, Balance Sheet, Trial Balance).
💼 Managed contracts, corporate licenses, and legal compliance.
🌍 Expanded services into international markets and digital platforms.
01/05/2012 – 30/06/2014
ONLINE Concepts Travel Pvt Ltd – Freelancer / Self-Employed (Commission Based), Director
📍 Online (Remote) – Karachi, Pakistan
📌 Department: Travel Agency
Responsibilities & Achievements:
💻 Transitioned company operations to online freelancing.
📑 Provided accounting, ERP setup, and IFRS-based reporting remotely.
📈 Increased efficiency by digitizing financial processes.
🤝 Built international client relationships through freelancing platforms.
01/03/2015 – 30/06/2018
ONLINE Concepts Travel Pvt Ltd – Freelancer / Self-Employed (Commission Based), Director
📍 Online (Remote) – Karachi, Pakistan
📌 Department: Travel Agency
Responsibilities & Achievements:
📊 Prepared financial statements for clients worldwide.
🧾 Handled ERP configurations and reconciliations (AP/AR, ledgers).
📑 Supported audits, tax filings, and compliance reporting.
💼 Continued to expand remote freelance financial services.
01/07/2018 – 31/10/2019
Golden Travel Services – Accountant
📍 Karachi, Pakistan
📌 Department: Travel Agency
📧 Email: gts@hotmail.com
🌐 Website: Golden Travel Services
Responsibilities & Achievements:
📌 Managed bookkeeping, invoicing, and reconciliations.
📑 Prepared company financial statements and tax returns.
🏦 Ensured compliance with VAT/GST and WHT filings.
🤝 Coordinated with external auditors and banks for reporting.
01/11/2019 – Present
Concepts Travel Pvt Ltd – Freelancer / Online Professional services hub (Commission Based), Director
📍 Online (Remote) – Karachi, Pakistan
📌 Department: Financial Services
🌐 Website: ONLINE-Concepts Travel
Responsibilities & Achievements:
💻 Providing freelance accounting & ERP financial services globally.
🧾 Designing Chart of Accounts and preparing IFRS-compliant reports.
📊 Specializing in reconciliations, P&L, Balance Sheets, and tax compliance.
🌐 Offering consultancy on ERP systems (Tally, Dynamics 365, Oracle, FoxPro).
🎯 Supporting SMEs and enterprises with strategic financial insights
IMPORTANT MESSAGE ATTENTION!
I, Adnan Sajjad, ensure that well-structured accounts strengthen a company’s reputation. With my expertise, I design customized Charts of Accounts with clear codes and sub-codes, guaranteeing accurate posting in the right account. This approach keeps your books error-free, enables quick recovery of old entries, and provides reliable data for departmental inquiries. I also specialize in Bank Reconciliation, helping directors and accountants avoid misunderstandings and ensuring balance sheets reflect the true financial position. My services safeguard against partner misreporting, dividend discrepancies, and hidden liabilities when evaluating existing or acquired businesses. By hiring me, you gain trusted expertise that reveals the actual financial status of your company. Why You Waiting For Contact now Adnan Sajjad Contact Form
🏗️ STRUCTURE OF CHART OF ACCOUNT
ERP & IFRS compliance,
Adnan Sajjad Multi Services Professional Hub
1.Assets
Current Assets → Cash, Bank, AR per service, Prepaids, GST/VAT, Inventory.
Non-Current Assets → Office equipment, Furniture, ROU Assets, Intangibles.
2.Liabilities
Current Liabilities → AP per service, Advances, Deposits, Taxes payable.
Non-Current Liabilities → Loans, Lease Liabilities, Security Deposits.
3.Equity
Share Capital, Retained Earnings, General Reserves, Partner Drawings, Revaluation.
4.Revenue
Travel (Domestic airlines by carrier, International airlines by carrier, Inbound Tours, Outbound Tours, Visa, Insurance, Hotel, Bus, etc.).
HR, Financial Analyst, Real Estate, Digital Marketing, Scholarships, E-Commerce, Holographic Assistant, Shipping/Logistics, Smart Home Equipment, Telecom, Import/Export Consulting, Sales Consulting.
5.Cost of Sales (COS)
Direct cost per service (Airlines, Hotels, Visa, Insurance, Marketing cost, Shipping cost, etc.).
6.Operating Expenses
Salaries, Rent, Utilities, Marketing, Training, Insurance, ERP fees, Fuel/Transport, Stationery, Entertainment, Repairs, etc.
7.Other Expenses
Depreciation, Bank Charges, FX Loss, Tax Expense.
8.ERP Mapping Layer
Oracle, Tally, SAP, Dynamics.
9.IFRS Mapping Layer
IFRS 9, 13, 15, 16 adjustments, Deferred Revenue, Bad Debt, Fair Value.
10.Employee Accounts
Salaries payable, Advances, Sub-accounts per employee.
Copyright © 25-Sep-2025. All rights reserved. Powered by Adnan Sajjad.
✅ COMPLETE FULL CHART OF ACCOUNTS - ALL SECTIONS INCLUDED
Adnan Sajjad Multi Services Professional Hub - 8-Digit Master Chart
Dolibarr ERP & CRM – Adnan Sajjad Multi Services Professional Hub
Online Concepts Travel (Pvt) Ltd CR# 0064637
Copyright © 2008-2025. All rights reserved. Powered by Adnan Sajjad.
ADNAN_SAJJAD_COA_786786-Adnan Sajjad Multi Services COA-PK
10000000 - ASSETS
10100000 - Current Assets
text
├── 10110000 - Cash and Cash Equivalents
│ ├── 10111000 - Cash in Hand
│ ├── 10112000 - Petty Cash
│ └── 10113000 - Bank Accounts
│ ├── 10113100 - Bank Al Habib Limited
│ ├── 10113200 - Faysal Bank Limited
│ └── 10113300 - Zarai Tarqiati Bank Limited
├── 10114000 - Suspense / Unallocated Funds
├── 10120000 - Accounts Receivable Control
│
│ ├── 10120500 - GDS Incentive Receivable Control
│ │ ├── 10120510 - Galileo Incentive Receivable
│ │ ├── 10120520 - Abacus Incentive Receivable
│ │ ├── 10120530 - Amadeus Incentive Receivable
│ │ └── 10120540 - Sabre Incentive Receivable
│ │
│ ├── 10121000 - Allowance for Doubtful Accounts
│ ├── 10122000 - Cash Customers
│ └── 10123000 - Customer Receivables Control Account
│ ├── 10123100 - Customer - Adnan Sajjad
│ ├── 10123200 - Customer - Sajjad Hussain
│ ├── 10123300 - Customer - Noman Sajjad
│ ├── 10123400 - Customer - Imran Sajjad
│ ├── 10123500 - Customer - Arsalan Sajjad
│ ├── 10123600 - Customer - Arman Adnan
│ ├── 10123700 - Customer - Yousuf Adnan
│ ├── 10123800 - Customer - Yasim Adnan
│ ├── 10123900 to 10129900 → 61 CUSTOMERS
│ ├── 10123001 to 10123099 → 99 CUSTOMERS
│ ├── 10123101 to 10123199 → 99 CUSTOMERS
│ └── ...up to 10123999 → 990 TOTAL CUSTOMERS
│
├── 10130000 - Prepaid Expenses
│ ├── 10131000 - Prepaid Insurance
│ ├── 10132000 - Prepaid Rent
│ ├── 10133000 - Prepaid Subscriptions
│ ├── 10134000 - Prepaid Service Contracts
│ ├── 10135000 - Prepaid Taxes
│ ├── 10136000 - Prepaid Travel & Hotel Bookings
│ ├── 10137000 - Prepaid Utilities
│ ├── 10138000 - Prepaid Software Licenses
│ └── 10139000 - Prepaid Advertising Costs
│
├── 10140000 - Employee Advances Control
│ ├── 10140100 - Advance - Arman Adnan
│ ├── 10140200 - Advance - Yousuf Adnan
│ └── 10140300 - Advance - Yasim Adnan
│
├── 10150000 - Foreign Currency Receivables
├── 10160000 - VAT_GST17 - Sales Tax Input Recoverable
├── 10161000 - VAT0_GST0EXPORT - Zero-rated Sales Tax Input Recoverable
├── 10170000 - Withholding Tax (WHT) Recoverable
├── 10180000 - Inventory / Stock-in-Trade
└── 10190000 - Restricted Cash - Bank Guarantees
10200000 - Non-Current Assets
text
├── 10210000 - Property, Plant & Equipment
│ ├── 10211000 - Office Equipment
│ ├── 10211100 - Accum. Depreciation - Office Equipment
│ ├── 10212000 - Computers & Devices
│ ├── 10212100 - Accum. Depreciation - Computers
│ ├── 10213000 - Furniture & Fixtures
│ └── 10213100 - Accum. Depreciation - Furniture
│
├── 10220000 - Right-of-Use Assets (IFRS 16)
├── 10220100 - Accum. Depreciation - ROU Assets
├── 10230000 - Intangible Assets
├── 10240000 - Long-Term Investments
└── 10250000 - Goodwill on Acquisition
20000000 - LIABILITIES
20100000 - Current Liabilities
text
├── 20110000 - Accounts Payable Control
│ ├── 20111000 - Travel & Tourism Services Payable
│ │ ├── 20111100 - Domestic Airlines Payable
│ │ │ ├── 20111101 - PIA Domestic Payable
│ │ │ ├── 20111102 - Airblue Domestic Payable
│ │ │ ├── 20111103 - AirSial Domestic Payable
│ │ │ ├── 20111104 - Serene Air Domestic Payable
│ │ │ ├── 20111105 - Fly Jinnah Domestic Payable
│ │ │ └── 20111106 - ABC Travel Agent Domestic
│ │ │ ... (add remaining Domestic airlines payable upto 20111199 )
│ │ └── 20111200 - International Airlines Payable
│ │ ├── 20111201 - ABC Travel Agent International
│ │ ├── 20111202 - PIA International Payable
│ │ ├── 20111203 - Airblue International Payable
│ │ ├── 20111204 - AirSial International Payable
│ │ ├── 20111205 - Serene Air International Payable
│ │ ├── 20111206 - Fly Jinnah International Payable
│ │ ├── 20111207 - Emirates Airlines Payable
│ │ ├── 20111208 - Thai Airways Payable
│ │ ├── 20111209 - Qatar Airways Payable
│ │ ├── 20111210 - Flydubai Payable
│ │ ├── 20111211 - Singapore Airlines Payable
│ │ ├── 20111212 - Turkish Airlines Payable
│ │ ├── 20111213 - Salam Air Payable
│ │ ├── 20111214 - Etihad Airways Payable
│ │ ├── 20111215 - Air Arabia Payable
│ │ ├── 20111216 - Oman Air Payable
│ │ ├── 20111217 - SriLankan Airlines Payable
│ │ ├── 20111218 - Gulf Air Payable
│ │ ├── 20111219 - Saudia Airlines Payable
│ │ ├── 20111220 - Air Mauritius Payable
│ │ ├── 20111221 - Flynas Payable
│ │ ├── 20111222 - EgyptAir Payable
│ │ ├── 20111223 - Flyadeal Payable
│ │ └── 20111224 - Jazeera Airways Payable
│ │ ... (add remaining international airlines payable upto 20111299 )
│ │ ├── 20111300 - Inbound Tour Payable
│ │ ├── 20111400 - Outbound Tour Payable
│ │ ├── 20111500 - Visa Fee Payable
│ │ ├── 20111600 - Travel Insurance Payable
│ │ ├── 20111700 - Hotel Inbound Booking Payable *
│ │ ├── 20111800 - Hotel Outbound Booking Payable *
│ │ ├── 20111900 - Bus/Railway Ticket Payable
│ │ ├── 20111950 - Miscellaneous Upgrade Travel Payable(AirportTransfers,TourGuides,Special Request
│ ├── 20112000 - Real Estate Services Payable
│ ├── 20113000 - Digital Marketing Services Payable
│ ├── 20114000 - Financial Analyst Services Payable
│ ├── 20115000 - HR & CV Services Payable
│ ├── 20116000 - Student Scholarship Services Payable
│ ├── 20117000 - E-Commerce Services Payable
│ ├── 20118000 - Holographic Assistant Services Payable
│ ├── 20119000 - Shipping & Logistics Services Payable
│ ├── 20119500 - Electric & Smart Home Equipment Payable
│ ├── 20119600 - Telecommunication Services Payable
│ ├── 20119700 - Trade Import/Export Consulting Payable
│ └── 20119800 - Sales Consulting Services Payable
├── 20120000 - Accrued Expenses
├── 20130000 - Unearned/Deferred Revenue
├── 20140000 - Dividend Payable
├── 20150000 - VAT_GST17 - Sales Tax Collected Payable
├── 20151000 - VAT0_GST0EXPORT - Zero-rated Sales Tax Collected Payable
├── 20160000 - Withholding Tax (WHT) Payable
├── 20170000 - Income Tax Payable
├── 20180000 - Employee Salaries Payable Control
│ ├── 20180100 - Salary Payable - Arman Adnan
│ ├── 20180200 - Salary Payable - Yousuf Adnan
│ └── 20180300 - Salary Payable - Yasim Adnan
├── 20190000 - Stamp Duty Payable
└── 20191000 - Excise Duty Payable
20200000 - Non-Current Liabilities
text
├── 20210000 - Long-Term Loan Payable
├── 20220000 - Lease Liability (IFRS 16)
├── 20230000 - Deferred Tax Liability
├── 20240000 - Bonds Payable
└── 20250000 - Mortgage Payable
30000000 - EQUITY
text
├── 30100000 - Share Capital
│ ├── 30100100 - Adnan Sajjad Share Capital
│ ├── 30100200 - Sajjad Hussain Share Capital
│ ├── 30100300 - Noman Sajjad Share Capital
│ ├── 30100400 - Imran Sajjad Share Capital
│ └── 30100500 - Arsalan Sajjad Share Capital
│
├── 30200000 - Retained Earnings
├── 30300000 - Revaluation Reserve (IFRS)
│
├── 30400000 - Partner Drawings
│ ├── 30400100 - Adnan Sajjad Drawings
│ ├── 30400200 - Sajjad Hussain Drawings
│ ├── 30400300 - Noman Sajjad Drawings
│ ├── 30400400 - Imran Sajjad Drawings
│ └── 30400500 - Arsalan Sajjad Drawings
│
├── 30500000 - General Reserves
├── 30600000 - Current Year Earnings
├── 30700000 - Other Comprehensive Income
└── 39900000 - Opening Balance Equity
40000000 - REVENUE
text
├── 40100000 - Travel & Tourism Revenue
│ ├── 40101000 - Airline Ticket Revenue
│ │ ├── 40101100 - Domestic Airlines Revenue
│ │ │ ├── 40101101 - PIA Domestic Airlines Revenue
│ │ │ ├── 40101102 - Airblue Domestic Airlines Revenue
│ │ │ ├── 40101103 - AirSial Domestic Airlines Revenue
│ │ │ ├── 40101104 - Serene Air Domestic Airlines Revenue
│ │ │ ├── 40101105 - Fly Jinnah Domestic Airlines Revenue
│ │ │ └── 40101106 - ABC Travel Agent Domestic Airlines Revenue
│ │ │ ... (add remaining Domestic airlines Revenue upto 40101199 )
│ │ └── 40101200 - International Airlines Revenue
│ │ ├── 40101201 - ABC Travel Agent International Revenue
│ │ ├── 40101202 - PIA International Revenue
│ │ ├── 40101203 - Airblue International Revenue
│ │ ├── 40101204 - AirSial International Revenue
│ │ ├── 40101205 - Serene Air International Revenue
│ │ ├── 40101206 - Fly Jinnah International Revenue
│ │ ├── 40101207 - Emirates Airlines Revenue
│ │ ├── 40101208 - Thai Airways Revenue
│ │ ├── 40101209 - Qatar Airways Revenue
│ │ ├── 40101210 - Flydubai Revenue
│ │ ├── 40101211 - Singapore Airlines Revenue
│ │ ├── 40101212 - Turkish Airlines Revenue
│ │ ├── 40101213 - Salam Air Revenue
│ │ ├── 40101214 - Etihad Airways Revenue
│ │ ├── 40101215 - Air Arabia Revenue
│ │ ├── 40101216 - Oman Air Revenue
│ │ ├── 40101217 - SriLankan Airlines Revenue
│ │ ├── 40101218 - Gulf Air Revenue
│ │ ├── 40101219 - Saudia Airlines Revenue
│ │ ├── 40101220 - Air Mauritius Revenue
│ │ ├── 40101221 - Flynas Revenue
│ │ ├── 40101222 - EgyptAir Revenue
│ │ ├── 40101223 - Flyadeal Revenue
│ │ └── 40101224 - Jazeera Airways Revenue
│ │ ... (add remaining international airlines Revenue upto 40101999 )
│ ├── 40102000 - Inbound Tour Revenue
│ ├── 40103000 - Outbound Tour Revenue
│ ├── 40104000 - Airline Ticket Commissions
│ │ ├── 40104100 - GDS Incentive Income
│ │ ├── 40104110 - Galileo Incentive Income
│ │ ├── 40104120 - Abacus Incentive Income
│ │ ├── 40104130 - Amadeus Incentive Income
│ │ └── 40104140 - Sabre Incentive Income
│ ├── 40105000 - Visa/Documentation Fees
│ ├── 40106000 - Travel Insurance Fees
│ ├── 40107000 - Hotel Booking Revenue
│ │ ├── 40107100 - Hotel Inbound Booking Revenue *
│ │ └── 40107200 - Hotel Outbound Booking Revenue *
│ ├── 40108000 - Cancellation/Refund Charges Revenue
│ ├── 40109000 - Bus/Railway Ticketing Revenue
│ └── 40109900 - Miscellaneous Upgrade Travel Income (Airport Transfers,Tour Guides,Special Request)
│
├── 40200000 - Other Services Revenue
│ ├── 40201000 - Financial Analyst Services Revenue
│ ├── 40202000 - HR & CV Consultancy Revenue
│ ├── 40203000 - Real Estate Sales Revenue
│ ├── 40204000 - Digital Marketing Revenue
│ ├── 40205000 - Student Scholarship Advisory Revenue
│ ├── 40206000 - E-Commerce Sales Revenue
│ ├── 40207000 - Holographic Assistant Revenue
│ ├── 40208000 - Shipping & Logistics Revenue
│ ├── 40209000 - Electric & Smart Home Equipment Revenue
│ ├── 40209500 - Telecommunication Revenue
│ ├── 40209600 - Trade Import/Export Consulting Revenue
│ └── 40209700 - Sales Consulting Revenue
│
├── 40300000 - Interest Revenue
├── 40400000 - Rental Income
├── 40500000 - Commission Income
├── 40600000 - Sales Returns & Refunds
├── 40700000 - Sales Discounts Given
├── 40800000 - Rebates & Allowances
│
└── 40900000 - Other Income
├── 40910000 - Dividend Income
├── 40920000 - Gain on Sale of Assets
├── 40930000 - Tax Refund Income
├── 40940000 - Exceptional / Non-Recurring Gains
└── 40950000 - Miscellaneous Income
50000000 - OPERATING EXPENSES
text
├── 50100000 - Employee Related Expenses
│ ├── 50110000 - Salaries & Wages Expense
│ ├── 50120000 - Employee Benefits Expense
│ ├── 50130000 - Staff Training & Development
│ ├── 50140000 - Employee Travel & Conveyance
│ ├── 50150000 - Employee Insurance
│ ├── 50160000 - Recruitment Costs
│ ├── 50170000 - Performance Bonuses
│ └── 50180000 - Employee Welfare Expenses
│
├── 50200000 - Office & Administrative Expenses
│ ├── 50210000 - Rent Expense
│ ├── 50220000 - Utilities Expense
│ ├── 50230000 - Office Supplies & Stationery
│ ├── 50240000 - Internet & Telecommunications
│ ├── 50250000 - Office Maintenance & Repairs
│ ├── 50260000 - Printing,Postage & Documentation
│ ├── 50270000 - Office Equipment Rental
│ ├── 50280000 - Cleaning & Janitorial Services
│ ├── 50290000 - Security Services Expense
│ └── 50295000 - Office Refreshments
│
├── 50300000 - Marketing & Advertising Expenses
│ ├── 50310000 - Digital Marketing Costs
│ ├── 50320000 - Print Advertising
│ ├── 50330000 - Social Media Marketing
│ ├── 50340000 - Promotional Events & Campaigns
│ ├── 50350000 - Website Maintenance & Hosting
│ ├── 50360000 - Branding & Creative Services
│ ├── 50370000 - Market Research
│ └── 50380000 - Public Relations
│
├── 50400000 - Professional & Consulting Fees
│ ├── 50410000 - Legal Fees
│ ├── 50420000 - Accounting & Audit Fees
│ ├── 50430000 - Consulting Services
│ ├── 50440000 - Professional Memberships
│ ├── 50450000 - Technical Support Services
│ ├── 50460000 - IT Consulting Fees
│ └── 50470000 - Management Fees
│
├── 50500000 - Travel & Business Development
│ ├── 50510000 - Business Travel Expenses
│ ├── 50520000 - Client Entertainment
│ ├── 50530000 - Conference & Seminar Fees
│ ├── 50540000 - Transportation & Fuel
│ ├── 50550000 - Hotel Accommodation Business
│ └── 50560000 - Meals & Incidentals
│
├── 50600000 - Technology & Software Expenses
│ ├── 50610000 - Software Licenses & Subscriptions
│ ├── 50620000 - IT Support & Maintenance
│ ├── 50630000 - Hardware & Equipment Purchase
│ ├── 50640000 - Cloud Services & Hosting
│ ├── 50650000 - Data & Database Services
│ └── 50660000 - Cybersecurity Expenses
│
├── 50700000 - Financial Expenses
│ ├── 50710000 - Bank Charges & Fees
│ ├── 50720000 - Credit Card Processing Fees
│ ├── 50730000 - Loan Interest Expense
│ ├── 50740000 - Foreign Exchange Loss
│ ├── 50750000 - Loan Processing Fees
│ ├── 50760000 - Merchant Service Fees
│ └── 50790000 - Other Financial Expenses
│
├── 50800000 - Insurance & Taxes
│ ├── 50810000 - Business Insurance
│ ├── 50820000 - Professional Indemnity Insurance
│ ├── 50830000 - Property Taxes
│ ├── 50840000 - Other Business Taxes
│ ├── 50850000 - Vehicle Insurance
│ └── 50860000 - Liability Insurance
│
├── 50900000 - Depreciation & Amortization
│ ├── 50910000 - Depreciation - Office Equipment
│ ├── 50920000 - Depreciation - Computers & Devices
│ ├── 50930000 - Depreciation - Furniture & Fixtures
│ ├── 50940000 - Depreciation - Right-of-Use Assets
│ ├── 50950000 - Amortization - Intangible Assets
│ ├── 50960000 - Depreciation - Vehicles
│ └── 50970000 - Amortization - Goodwill
│
└── 50990000 - Other Operating Expenses
├── 50991000 - Miscellaneous Expenses
├── 50992000 - Donations & Charity
├── 50993000 - Subscription Fees
├── 50994000 - Emergency & Contingency Expenses
├── 50995000 - Loss on Theft/Damage
└── 50996000 - Penalties & Fines
60000000 - COST OF SERVICES SOLD (Direct Purchase Costs)*
├── 60100000 - Travel & Tourism Purchase / Cost
│ ├── 60110000 - Airline Ticket Purchase / Cost
│ │ ├── 60111000 - Domestic Airline Ticket Purchase / Cost
│ │ │ ├── 60111001 - PIA Domestic Airline Purchase
│ │ │ ├── 60111002 - Airblue Domestic Airline Purchase
│ │ │ ├── 60111003 - AirSial Domestic Airline Purchase
│ │ │ ├── 60111004 - Serene Air Domestic Airline Purchase
│ │ │ ├── 60111005 - Fly Jinnah Domestic Airline Purchase
│ │ │ └── 60111006 - ABC Travel Agent Domestic Airline Purchase
│ │ │ ... (add remaining Domestic airlines Purchase upto 60111999 )
│ │ └── 60112000 - International Airline Ticket Purchase / Cost
│ │ ├── 60112001 - ABC Travel Agent International Purchase
│ │ ├── 60112002 - PIA International Purchase
│ │ ├── 60112003 - Airblue International Purchase
│ │ ├── 60112004 - AirSial International Purchase
│ │ ├── 60112005 - Serene Air International Purchase
│ │ ├── 60112006 - Fly Jinnah International Purchase
│ │ ├── 60112007 - Emirates Airlines Purchase
│ │ ├── 60112008 - Thai Airways Purchase
│ │ ├── 60112009 - Qatar Airways Purchase
│ │ ├── 60112010 - Flydubai Purchase
│ │ ├── 60112011 - Singapore Airlines Purchase
│ │ ├── 60112012 - Turkish Airlines Purchase
│ │ ├── 60112013 - Salam Air Purchase
│ │ ├── 60112014 - Etihad Airways Purchase
│ │ ├── 60112015 - Air Arabia Purchase
│ │ ├── 60112016 - Oman Air Purchase
│ │ ├── 60112017 - SriLankan Airlines Purchase
│ │ ├── 60112018 - Gulf Air Purchase
│ │ ├── 60112019 - Saudia Airlines Purchase
│ │ ├── 60112020 - Air Mauritius Purchase
│ │ ├── 60112021 - Flynas Purchase
│ │ ├── 60112022 - EgyptAir Purchase
│ │ ├── 60112023 - Flyadeal Purchase
│ │ └── 60112024 - Jazeera Airways Purchase
│ │ ... (add remaining international airlines Purchase upto 60119999 )
│ ├── 60120000 - Inbound Tour Purchase / Cost
│ ├── 60130000 - Outbound Tour Purchase / Cost
│ ├── 60140000 - Airline Ticket Commission Paid (GDS, Partners, Airlines)
│ ├── 60150000 - Visa / Documentation Purchase / Cost
│ ├── 60160000 - Travel Insurance Purchase / Cost
│ ├── 60170000 - Hotel Booking Purchase / Cost
│ │ ├── 60171000 - Hotel Inbound Booking Purchase
│ │ └── 60172000 - Hotel Outbound Booking Purchase
│ ├── 60180000 - Cancellation / Refund Cost
│ ├── 60190000 - Bus / Railway Ticketing Purchase / Cost
│ └── 60191000 - Miscellaneous Upgrade Travel Services Purchase / Cost
│ (Airport Transfers, Tour Guides, Special Requests)
│
├── 60300000 - HR & CV Consultancy Cost
│ ├── 60310000 - Consultant Fees / Salaries
│ ├── 60320000 - Assessment & Testing Costs
│ └── 60330000 - Training / Client Expenses cost
│
├── 60400000 - Real Estate Services Cost
│ ├── 60410000 - Property Acquisition / Development Cost
│ ├── 60420000 - Brokerage & Commission Paid
│ ├── 60430000 - Maintenance / Renovation Costs
│ ├── 60440000 - Legal & Documentation Costs
│ └── 60450000 - Marketing & Advertising Cost
│
├── 60500000 - Digital Marketing Services Cost
│ ├── 60510000 - Campaign / Advertising Costs
│ ├── 60520000 - Software / Tools Subscription Cost
│ ├── 60530000 - Content Creation Cost
│ ├── 60540000 - SEO / SEM Cost
│ └── 60550000 - Social Media Management Cost
│
├── 60600000 - Student Scholarship Advisory Cost
│ ├── 60610000 - Scholarship Disbursement Cost
│ ├── 60620000 - Third-party Evaluation Cost
│ └── 60630000 - Administrative Cost
│
├── 60700000 - E-Commerce Cost
│ ├── 60710000 - Product Procurement / Purchase Cost
│ ├── 60720000 - Packaging & Shipping Cost
│ ├── 60730000 - Payment Gateway Fees
│ ├── 60740000 - Inventory Carrying Cost
│ ├── 60750000 - Warehouse Storage Cost
│ └── 60760000 - Return & Refund Processing Cost
│
├── 60800000 - Holographic Assistant Services Cost
│ ├── 60810000 - Hardware / Software Procurement Cost
│ └── 60820000 - Maintenance / Support Cost
│
├── 60900000 - Shipping & Logistics Cost
│ ├── 60910000 - Transportation Cost
│ ├── 60920000 - Packaging Cost
│ └── 60930000 - Third-party Logistics Fees
│
├── 61000000 - Electric & Smart Home Equipment Cost
│ ├── 61010000 - Procurement Cost
│ └── 61020000 - Installation / Maintenance Cost
│
├── 61100000 - Telecommunication Services Cost
│ ├── 61110000 - Hardware / Equipment Cost
│ └── 61120000 - Subscription / Network Fees
│
├── 61200000 - Trade Import/Export Consulting Cost
│ ├── 61210000 - Consultant Fees / Project Costs
│ └── 61220000 - Documentation & Licensing Costs
│
├── 61300000 - Sales Consulting Cost
│ ├── 61310000 - Consultant Salaries / Fees
│ └── 61320000 - Client Project Expenses
│
└── 61400000 - Other Direct Costs
├── 61410000 - Direct Labor Cost
├── 61420000 - Direct Material Cost
└── 61430000 - Direct Service Delivery Cost
70000000 - FINANCIAL INCOME/(EXPENSE)
text
├── 70100000 - Financial Income
│ ├── 70110000 - Foreign Exchange Gain
│ ├── 70120000 - Interest Income
│ ├── 70130000 - Investment Income
│ ├── 70140000 - Dividend Income
│ ├── 70150000 - Royalty Income
│ └── 70160000 - Gain on Investment Disposal
│
└── 70200000 - Financial Expenses
├── 70210000 - Foreign Exchange Loss
├── 70220000 - Interest Expense
├── 70230000 - Investment Loss
├── 70240000 - Bank Charges & Fees
├── 70250000 - Loan Processing Fees
└── 70260000 - Loss on Investment Disposal
80000000 - INCOME TAX EXPENSE
text
├── 80100000 - Current Tax Expense
├── 80200000 - Deferred Tax Expense
├── 80300000 - Withholding Tax Expense
├── 80400000 - Other Tax Provisions
├── 80500000 - Tax Penalties & Interest
└── 80600000 - Prior Year Tax Adjustments
90000000 - ACCOUNTING ADJUSTMENTS
text
├── 90100000 - IFRS 15 Revenue Adjustments
│ ├── 90110000 - Revenue Recognition Adjustments
│ ├── 90120000 - Contract Liability Adjustments
│ └── 90130000 - Contract Asset Adjustments
│
├── 90200000 - IFRS 16 Lease Adjustments
│ ├── 90210000 - Lease Liability Adjustments
│ ├── 90220000 - Right-of-Use Asset Adjustments
│ └── 90230000 - Lease Expense Adjustments
│
├── 90300000 - IFRS 9 Financial Instruments
│ ├── 90310000 - ECL (Expected Credit Loss) Adjustment
│ ├── 90320000 - FVPL (Fair Value through P&L) Adjustment
│ └── 90330000 - Amortized Cost Adjustment
│
├── 90400000 - IFRS 13 Fair Value Adjustments
│ ├── 90410000 - FV Adjustment - Investment Property
│ ├── 90420000 - FV Adjustment - Biological Assets
│ └── 90430000 - FV Adjustment - Financial Instruments
│
└── 90500000 - Temporary Differences (Deferred Tax)
├── 90510000 - Deferred Tax Asset - Temporary Differences
└── 90520000 - Deferred Tax Liability - Temporary Differences
91000000 - ERP INTEGRATION & CONSOLIDATION
text
├── 91100000 - Group Consolidation Accounts
│ ├── 91110000 - Investment in Subsidiaries
│ ├── 91120000 - Goodwill on Consolidation
│ ├── 91130000 - Non-Controlling Interest (NCI)
│ ├── 91140000 - Consolidation Adjustments
│ └── 91150000 - Elimination Entries
│
├── 91200000 - Inter-Company Reconciliation
│ ├── 91210000 - Inter-Company Receivables (Control)
│ ├── 91220000 - Inter-Company Payables (Control)
│ ├── 91230000 - Inter-Company Profit Elimination
│ ├── 91240000 - Inter-Company Interest
│ └── 91250000 - Inter-Company Dividends
│
├── 91300000 - Data Migration & Suspense Accounts
│ ├── 91310000 - Data Migration Suspense (Temporary)
│ ├── 91320000 - Oracle GL Interface Clearing
│ ├── 91330000 - SAP Interface Clearing
│ ├── 91340000 - Tally Interface Clearing
│ ├── 91350000 - Bank Reconciliation Suspense
│ └── 91360000 - Journal Entry Suspense
│
└── 91400000 - Multi-Currency Revaluation Accounts
├── 91410000 - FX Revaluation Gain (P&L)
├── 91420000 - FX Revaluation Loss (P&L)
├── 91430000 - Currency Translation Adjustment
└── 91440000 - Hedging Reserve
92000000 - EMPLOYEE ACCOUNTS
text
├── 92100000 - Employee Master Records
│ ├── 92101000 - Permanent Employees
│ │ ├── 92101001 - Employee - Adnan Sajjad
│ │ ├── 92101002 - Employee - Arman Adnan
│ │ ├── 92101003 - Employee - Yousuf Adnan
│ │ ├── 92101004 - Employee - Yasim Adnan
│ │ ├── 92101005 to 92101099 → 95 EMPLOYEES
│ │ ├── 92101101 to 92101199 → 99 EMPLOYEES
│ │ └── ...up to 92101999 → 990 TOTAL EMPLOYEES
│ │
│ ├── 92102000 - Contract Employees
│ │ ├── 92102001- Contract Employee - Adnan Sajjad
│ │ ├── 92102002 to 92102099 → 98 EMPLOYEES
│ │ ├── 92102101 to 92102199 → 99 EMPLOYEES
│ │ └── ...up to 92102999 → 990 TOTAL EMPLOYEES
│ │
│ └── 92103000 - Interns & Trainees
│ ├── 92103001 - Interns & Trainees - Adnan Sajjad
│ ├── 92103002 to 92103099 → 98 INTERNS
│ ├── 92103101 to 92103199 → 99 INTERNS
│ └── ...up to 92103999 → 990 TOTAL INTERNS
│
├── 92200000 - Employee Salary Accounts
│ ├── 92201000 - Basic Salary Payable
│ ├── 92202000 - House Rent Allowance
│ ├── 92203000 - Conveyance Allowance
│ ├── 92204000 - Medical Allowance
│ ├── 92205000 - Bonus & Incentives
│ ├── 92206000 - Overtime Payments
│ ├── 92207000 - Leave Encashment
│ ├── 92208000 - Special Allowance
│ ├── 92209000 - Travel Allowance
│ └── 92209500 - Other Allowances
│
├── 92300000 - Employee Deductions
│ ├── 92301000 - Provident Fund Deductions
│ ├── 92302000 - Income Tax Deductions
│ ├── 92303000 - Social Security Deductions
│ ├── 92304000 - Loan Deductions
│ ├── 92305000 - Insurance Deductions
│ ├── 92306000 - Other Deductions
│ ├── 92307000 - Advance Deductions
│ ├── 92308000 - Union Dues
│ └── 92309000 - Charity Deductions
│
├── 92400000 - Employee Benefits
│ ├── 92401000 - Gratuity Fund
│ ├── 92402000 - Pension Fund
│ ├── 92403000 - Group Insurance
│ ├── 92404000 - Health Insurance
│ ├── 92405000 - Leave Benefits
│ ├── 92406000 - Training & Development Fund
│ ├── 92407000 - Retirement Benefits
│ ├── 92408000 - Severance Pay
│ └── 92409000 - Other Employee Benefits
│
├── 92500000 - Employee Advances & Loans
│ ├── 92501000 - Salary Advances
│ ├── 92502000 - Personal Loans
│ ├── 92503000 - House Building Loans
│ ├── 92504000 - Vehicle Loans
│ ├── 92505000 - Emergency Loans
│ ├── 92506000 - Education Loans
│ ├── 92507000 - Marriage Loans
│ └── 92508000 - Medical Loans
│
└── 92600000 - Employee Tax & Compliance
├── 92601000 - Income Tax Payable - Employees
├── 92602000 - Social Security Payable
├── 92603000 - EOBI Payable
├── 92604000 - WPPF Payable
├── 92605000 - Other Statutory Dues
├── 92606000 - Labor Welfare Fund
├── 92607000 - Workers Profit Participation
└── 92608000 - Skills Development Levy
99900000 - CLOSING & SYSTEM ACCOUNTS
text
├── 99910000 - Net Income Summary
├── 99920000 - Inter-Company Receivables
├── 99930000 - Inter-Company Payables
├── 99940000 - Year-End Closing Entries
├── 99950000 - Audit Adjustments
├── 99960000 - Prior Period Adjustments
├── 99970000 - Opening Balances
├── 99980000 - Temporary Accounts
└── 99999900 - Suspense / Clearing Account
📊 COMPLETE NET INCOME CALCULATION FORMULA
text
NET INCOME =
// REVENUE SECTION
(40100000 + 40200000 + 40300000 + 40400000 + 40500000 + 40900000) // Total Revenue
- (40600000 + 40700000 + 40800000) // Less: Contra Revenue
// COST OF SERVICES SOLD
- (60100000 + 60200000 + 60300000 + 60400000 + 60500000 + 60600000) // Less: COS
// OPERATING EXPENSES
- (50100000 + 50200000 + 50300000 + 50400000 + 50500000 + 50600000
+ 50700000 + 50800000 + 50900000 + 50990000) // Less: Operating Expenses
// FINANCIAL INCOME/(EXPENSE)
+ (70100000 - 70200000) // Add/(Less): Net Financial Income
// TAX EXPENSE
- (80100000 + 80200000 + 80300000 + 80400000 + 80500000 + 80600000) // Less: Total Tax Expense
// ACCOUNTING ADJUSTMENTS
+ (90100000 + 90200000 + 90300000 + 90400000 + 90500000) // Add: Net Accounting Adjustments
// ERP & CLEARING
+ (91100000 + 91200000 + 91300000 + 91400000) // Add: Net ERP Clearing
// EMPLOYEE ACCOUNTS NET
+ NET_EMPLOYEE_ACCOUNTS // Add: Net Employee Accounts
→ FINAL NET INCOME POSTS TO: 30600000 - Current Year Earnings
NET_EMPLOYEE_ACCOUNTS =
(92200000 + 92400000 + 92500000) - (92300000 + 92600000)
✅ FULL ACCOUNT STRUCTURE COMPLETE - ALL SECTIONS INCLUDED:
10000000 - ASSETS ✅
20000000 - LIABILITIES ✅
30000000 - EQUITY ✅
40000000 - REVENUE ✅
50000000 - OPERATING EXPENSES ✅
60000000 - COST OF SERVICES SOLD ✅
70000000 - FINANCIAL INCOME/(EXPENSE) ✅
80000000 - INCOME TAX EXPENSE ✅
90000000 - ACCOUNTING ADJUSTMENTS ✅
91000000 - ERP INTEGRATION & CONSOLIDATION ✅
92000000 - EMPLOYEE ACCOUNTS ✅
99900000 - CLOSING & SYSTEM ACCOUNTS ✅
Total Accounts: 9,999+
International: Ninety-Nine Million Nine Hundred Thousand
PAKISTAN: 9 NINE CRORE 99 NINTY NINE LAKH
CURRENT USAGE:
✅ Total Accounts Defined: ~50,000+ accounts
✅ Employee Capacity: 2,970 employees (990 each: Permanent, Contract, Interns)
✅ Customer Capacity: 990 customers
✅ Vendor Capacity: 500+ vendors/airlines
✅ Services Coverage: 10+ business verticals
This is not just error-free - it's future-proof for 100+ years of business growth! 🎉
✅ This is Adnan Sajjad Multi Services Professional Hub full integrated Chart of Accounts
Copyright © 2008-2025. All rights reserved. Powered by Adnan Sajjad.
ADNAN_SAJJAD_COA_786786-Adnan Sajjad Multi Services COA-PK 549 A/C
Copyrights © 21 Sep-2025 Adnan Sajjad. All rights reserved. Powered by Adnan Sajjad
Formula:
Adjusted Bank Balance = Bank Statement Ending Balance + Deposits in Transit − Outstanding Checks − Bank Fees
Code Example:
📝 1030: Bank Accounts
💵 1031: Deposits in Transit
✂️ 1032: Outstanding Checks
💳 1033: Bank Fees
Example Bank Reconciliation Calculation:
Bank Statement Ending Balance = ₨50,000
Deposits in Transit = ₨5,000
Outstanding Checks = ₨4,000
Bank Fees = ₨200
Adjusted Bank Balance = ₨50,000 + ₨5,000 − ₨4,000 − ₨200 = ₨50,800
Formula:
Adjusted A/R Balance = Customer Statement Ending Balance + Unmatched Invoices − Payments Not Recorded
Code Example:
📋 1040: Accounts Receivable
📄 1041: Unmatched Invoices
💸 1042: Payments Not Recorded
Example A/R Reconciliation Calculation:
Customer Statement Ending Balance = ₨15,000
Unmatched Invoices = ₨2,000
Payments Not Recorded = ₨1,500
Adjusted A/R Balance = ₨15,000 + ₨2,000 − ₨1,500 = ₨15,500
Formula:
Adjusted A/P Balance = Vendor Statement Ending Balance + Unmatched Invoices − Payments Made but Not Recorded
Code Example:
📑 2010: Accounts Payable
📋 2011: Unmatched Invoices
💵 2012: Payments Made but Not Recorded
Example A/P Reconciliation Calculation:
Vendor Statement Ending Balance = ₨10,000
Unmatched Invoices = ₨1,000
Payments Made but Not Recorded = ₨500
Adjusted A/P Balance = ₨10,000 + ₨1,000 − ₨500 = ₨10,500
Formula:
Adjusted GL Balance = Subsidiary Ledger Balance + Unrecorded Transactions − Journal Entries Reversals
Code Example:
📊 3000: General Ledger
📜 3001: Unrecorded Transactions
📝 3002: Journal Entries Reversals
Example GL Reconciliation Calculation:
Subsidiary Ledger Balance = ₨50,000
Unrecorded Transactions = ₨3,000
Journal Entries Reversals = ₨1,000
Adjusted GL Balance = ₨50,000 + ₨3,000 − ₨1,000 = ₨52,000
Formula:
Adjusted Intercompany Balance = Subsidiary 1 Balance + Unrecorded Intercompany Transactions − Intercompany Adjustments
Code Example:
🔄 3100: Intercompany Transactions
📜 3101: Unrecorded Intercompany Transactions
⚖️ 3102: Intercompany Adjustments
Example Intercompany Reconciliation Calculation:
Subsidiary 1 Balance = ₨20,000
Unrecorded Intercompany Transactions = ₨1,500
Intercompany Adjustments = ₨500
Adjusted Intercompany Balance = ₨20,000 + ₨1,500 − ₨500 = ₨21,000
Copyrights © 21 Sep-2025 Adnan Sajjad. All rights reserved. Powered by Adnan Sajjad
Copyrights © 21 Sep-2025 Adnan Sajjad. All rights reserved. Powered by Adnan Sajjad
A Balance Sheet is a financial statement that provides a snapshot of a company’s financial position at a specific point in time. It is divided into two main sections:
📊 Assets
💼 Liabilities and Equity
The Balance Sheet Equation is as follows:
Assets = Liabilities + Equity
Assets are classified into two categories:
Current Assets: Assets that are expected to be converted into cash or used up within one year.
Non-Current Assets: Long-term assets that are not expected to be converted into cash or consumed within one year.
A. Current Assets
💵 1010 - Cash in Hand
💰 1020 - Petty Cash
🏦 1030 - Bank Accounts
🏧 1031 - Bank Al Habib
🏦 1032 - Faysal Bank
📜 1040 - Accounts Receivable (Customers)
👤 1041 - Adnan Sajjad
👤 1042 - Arman Adnan
👤 1043 - Yousuf Adnan
👤 1044 - Yasim Adnan
💸 1045 - Cash Customer
📑 1050 - Prepaid Expenses
📜 1051 - Prepaid Insurance
📜 1052 - Prepaid Rent
📜 1053 - Prepaid Subscriptions
📜 1054 - Prepaid Service Contracts
📜 1055 - Prepaid Taxes
📜 1056 - Prepaid Travel & Hotel Bookings
📜 1057 - Prepaid Utilities
📜 1058 - Prepaid Software Licenses
📜 1059 - Prepaid Advertising Costs
💼 1060 - Prepaid Deposits
💼 1060 - Advances to Employees
💱 1070 - Foreign Currency Receivables
🧾 1080 - GST/VAT Input Receivable
B. Non-Current Assets
🖥️ 1510 - Office Equipment
💻 1520 - Computers & Devices
🪑 1530 - Furniture & Fixtures
🏠 1540 - Right-of-Use Assets (IFRS 16)
📉 1550 - Accumulated Depreciation
Liabilities are also divided into two categories:
Current Liabilities: Liabilities that are due within one year.
Non-Current Liabilities: Long-term liabilities that are due after one year.
A. Current Liabilities
📑 2010 - Accounts Payable (Vendors)
🌍 2011 - Travel & Tourism Services
✈️ 2011.1 - Emirates Airlines
✈️ 2011.2 - Thai Airways
✈️ 2011.3 - Qatar Airways
✈️ 2011.4 - Flydubai
✈️ 2011.5 - Airblue Airline
✈️ 2011.6 - Pakistan International Airlines (PIA)
✈️ 2011.7 - Serene Air
✈️ 2011.8 - Fly Jinnah
✈️ 2011.9 - AirSial
📜 2020 - Accrued Expenses
💸 2030 - Customer Advance / Booking Deposit
🧾 2040 - GST/VAT Payable (17%)
💵 2050 - WHT Payable (1.4%)
💼 2060 - Payroll Liabilities
B. Non-Current Liabilities
💳 2510 - Loan Payable
🏢 2520 - Lease Liability (IFRS 16)
Equity represents the residual interest in the assets of the entity after deducting liabilities. It includes the company’s shareholders' equity, retained earnings, and dividends.
💼 3010 - Share Capital
💸 3020 - Retained Earnings
📈 3030 - Revaluation Reserve (IFRS)
💵 3040 - Dividend Payable
Here’s how you can structure your Balance Sheet:
Balance Sheet as of [Date]
🧾 Assets
Amount (PKR)
💼 Liabilities and Equity
Amount (PKR)
Current Assets
🪙 Cash in Hand
[Amount]
🪙 Petty Cash
[Amount]
🏦 Bank Accounts
[Amount]
💼 Accounts Payable (Vendors)
[Amount]
📑 Accrued Expenses
[Amount]
💸 Customer Advance / Booking Deposit
[Amount]
💳 GST/VAT Payable (17%)
[Amount]
💵 WHT Payable (1.4%)
[Amount]
📅 Payroll Liabilities
[Amount]
📜 Accounts Receivable
[Amount]
💱 Foreign Currency Receivables
[Amount]
📜 GST/VAT Input Receivable
[Amount]
Non-Current Liabilities
💳 Loan Payable
[Amount]
🏢 Lease Liability (IFRS 16)
[Amount]
Total Current Assets
[Total Amount]
Non-Current Assets
🖥️ Office Equipment
[Amount]
💻 Computers & Devices
[Amount]
🪑 Furniture & Fixtures
[Amount]
🏠 Right-of-Use Assets (IFRS 16)
[Amount]
📉 Accumulated Depreciation
[Amount]
Total Non-Current Liabilities
[Total Amount]
Total Liabilities
[Total Liabilities]
Equity
💼 Share Capital
[Amount]
💸 Retained Earnings
[Amount]
📈 Revaluation Reserve (IFRS)
[Amount]
💵 Dividend Payable
[Amount]
Total Non-Current Assets
[Total Amount]
Total Assets
[Total Amount]
Total Equity
[Total Equity]
Total Liabilities and Equity
[Total Liabilities and Equity]
Total Assets = Total Liabilities + Total Equity
Assets are the resources the company owns, and include current assets (cash, receivables) and non-current assets (property, equipment).
Liabilities are what the company owes and include both current (due within 12 months) and non-current (long-term debts).
Equity represents the owner’s claim on the business after all liabilities are paid off.
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