Sample chart of account for microfinance

Sample chart of account for microfinance

Please find below list of recommended accounts/ledger for a microfinance company. 
This is a sample for reference

10000 -- ASSETS
    11000 -- Cash and bank balances
        11100 -- Petty Cash Accounts
            11101 -- Cash 1
            11102 -- Cash 2
        11200 -- Bank Balances
            11201 -- Bank Account 1
            11202 -- Bank Account 2
    13000 -- Loan Portfolio
        13100 -- Loans and Advances

            13101 -- Loans to clients
            13102 -- Emergency Loans
            13103 -- Special Loans
        13200 -- Loan Loss Provisions
            13201 -- Write-offs
20000 -- LIABILITIES
    22000 -- Interest Payable
        22100 -- Interest payable on clients savings
            22101 -- Interest on mandatory savings
    23000 -- Clients Deposits
        23100 -- Clients Deposits
            23101 -- Savings product 1
            23102 -- Savings product 2
    24000 -- Mandatory Savings
        24100 -- Mandatory Savings
            24101 -- Mandatory Savings Accounts
30000 -- INCOME
    31000 -- Direct Income
        31100 -- Interest income from loans
            31101 -- Interest on loans
            31102 -- Penalty
        31300 -- Income from micro credit & lending activities
            31301 -- Fees
            31302 -- Processing Fees
            31303  -- Annual Subscription Fee
    31401 -- Income from 999 Account
40000 -- EXPENDITURE
    41000 -- Direct Expenditure
        41100 -- Cost of Funds
            41101 -- Interest on clients voluntary savings
            41102 -- Interest on clients mandatory savings

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