41 statement groups organized by financial statement section.
Statement groups are the 41 groupings that determine how accounts appear in financial statements. They are pre-defined by the system and IFRS-aligned. When you assign a statement group to an account, you are deciding which section of the Balance Sheet or Income Statement it lands in. Statement groups cannot be created, renamed, or deleted.
The statement-group list in the New Account modal — filtered to the chosen element, nested as sections and sub-sections, contra groups badged.
The 41 include the five element roots and the sections that group the leaf groups (for example Current Assets above Cash & Cash Equivalents). In the New Account modal you see every group beneath the chosen element, indented as it nests.
Balance Sheet — Assets
Asset statement groups
Code
Group Name
Level
Notes
1000
Assets
Element root
1100
Current Assets
Section
1110
Cash & Cash Equivalents
Group
1120
Accounts Receivable
Group
1130
Inventory
Group
1140
Prepaid Expenses
Group
1190
Other Current Assets
Group
1200
Non-Current Assets
Section
1210
Property, Plant & Equipment
Group
1220
Accumulated Depreciation
Group
Contra — reduces PP&E on the Balance Sheet
1230
Intangible Assets
Group
1290
Other Non-Current Assets
Group
Balance Sheet — Liabilities
Liability statement groups
Code
Group Name
Level
Notes
2000
Liabilities
Element root
2100
Current Liabilities
Section
2110
Accounts Payable
Group
2120
Short-Term Borrowings
Group
2130
Accrued Liabilities
Group
2140
Tax Payable
Group
Sales Tax Payable, WHT Payable, Payroll Tax Liabilities and Purchases Tax Recoverable are filed here
2190
Other Current Liabilities
Group
2200
Non-Current Liabilities
Section
2210
Long-Term Borrowings
Group
2290
Other Non-Current Liabilities
Group
Balance Sheet — Equity
Equity statement groups
Code
Group Name
Level
Notes
3000
Equity
Element root
3100
Share Capital / Owner's Equity
Group
Opening Balance Equity is filed here
3200
Retained Earnings
Group
Prior-period profit is derived by the reports; nothing is posted here at close
3300
Reserves
Group
3400
Drawings
Group
Contra — owner withdrawals reduce equity
Income Statement — Income
Income statement groups
Code
Group Name
Level
Notes
4000
Income
Element root
4100
Operating Revenue
Group
Primary trading income — Sales is filed here
4200
Other Income
Group
Non-operating income, including Discount Received
4300
Discount Income
Group
4400
Interest Income
Group
Interest earned on deposits and investments
Income Statement — Expenses
Expense statement groups
Code
Group Name
Level
Notes
5000
Expenses
Element root
5100
Cost of Sales
Group
Direct cost of goods/services sold — Cost of Sales and Purchases are filed here
5200
Operating Expenses
Section
5210
Payroll Expenses
Group
Salaries, wages, staff costs
5220
Administrative Expenses
Group
General overheads
5230
Selling & Distribution
Group
Sales and marketing costs, Discount Allowed
5240
Depreciation & Amortization
Group
Period depreciation charges
5300
Financial Expenses
Group
Interest paid, bank charges
5900
Other Expenses
Group
Miscellaneous expenses, Bad Debt Expense
✅NOTE
Reference codes are assigned by the system and used for report ordering. They are not account codes — those are the 4–6 digit numbers on each individual account. The highest group code is 5900; there are no 6000- or 7000-series groups. Withholding and input-tax accounts sit under the existing groups (Tax Payable, Other Current Assets), not under groups of their own.