# China Chart of Accounts Reference (ASBE First-Level Account Codes) > Source: https://netray.co/tools/china-accounting-standards-chart-of-accounts-reference > Publisher: Netray (netray.co), AI and integration engineering for ERP and manufacturing systems. > Section: Free Tools ## Short answer First-level account codes and English names used in Chinese statutory books, for mapping to a group chart of accounts during an ERP rollout. ## Category regional ## Region China ## Audience - Finance controller - ERP consultant - Group accountant ## Tool **Kind:** worksheet **Mode:** reference **Columns:** #### Code **Key:** code **Type:** text #### Account name **Key:** name **Type:** text #### Class **Key:** class **Type:** text #### Mapping note **Key:** note **Type:** text **Rows:** #### Cash on hand **Code:** 1001 **Class:** Asset **Note:** Cash and cash equivalents #### Bank deposits **Code:** 1002 **Class:** Asset **Note:** One sub-account per bank account #### Other monetary funds **Code:** 1012 **Class:** Asset **Note:** Deposits held for bills and L/C margins #### Trading financial assets **Code:** 1101 **Class:** Asset **Note:** Short-term investments #### Notes receivable **Code:** 1121 **Class:** Asset **Note:** Bank acceptance and commercial bills #### Accounts receivable **Code:** 1122 **Class:** Asset **Note:** Trade receivables, customer sub-ledger #### Prepayments **Code:** 1123 **Class:** Asset **Note:** Advances to suppliers #### Other receivables **Code:** 1221 **Class:** Asset **Note:** Deposits, staff advances #### Allowance for bad debts **Code:** 1231 **Class:** Asset **Note:** Contra account #### Material procurement **Code:** 1401 **Class:** Asset **Note:** Used in planned cost systems #### Materials in transit **Code:** 1402 **Class:** Asset **Note:** Goods invoiced and not yet received #### Raw materials **Code:** 1403 **Class:** Asset **Note:** Inventory raw materials #### Finished goods (stock goods) **Code:** 1405 **Class:** Asset **Note:** Inventory finished goods #### Subcontracted processing materials **Code:** 1408 **Class:** Asset **Note:** Material sent out for processing #### Turnover materials **Code:** 1411 **Class:** Asset **Note:** Low value consumables and packaging #### Inventory valuation reserve **Code:** 1471 **Class:** Asset **Note:** Contra account for write-downs #### Fixed assets **Code:** 1601 **Class:** Asset **Note:** Cost, linked to asset register #### Accumulated depreciation **Code:** 1602 **Class:** Asset **Note:** Contra account #### Construction in progress **Code:** 1604 **Class:** Asset **Note:** Capitalised until commissioning #### Intangible assets **Code:** 1701 **Class:** Asset **Note:** Software, land use rights, patents #### Short-term borrowings **Code:** 2001 **Class:** Liability **Note:** Loans due within one year #### Notes payable **Code:** 2201 **Class:** Liability **Note:** Bills issued to suppliers #### Accounts payable **Code:** 2202 **Class:** Liability **Note:** Trade payables, supplier sub-ledger #### Receipts in advance **Code:** 2203 **Class:** Liability **Note:** Customer deposits #### Payroll payable **Code:** 2211 **Class:** Liability **Note:** Wages and social insurance accruals #### Taxes payable **Code:** 2221 **Class:** Liability **Note:** VAT, income tax, surcharges via sub-accounts #### Other payables **Code:** 2241 **Class:** Liability **Note:** Miscellaneous amounts owed #### Long-term borrowings **Code:** 2501 **Class:** Liability **Note:** Loans due after one year #### Paid-in capital **Code:** 4001 **Class:** Equity **Note:** Registered capital contributed #### Capital reserve **Code:** 4002 **Class:** Equity **Note:** Share premium and similar #### Surplus reserve **Code:** 4101 **Class:** Equity **Note:** Statutory reserve appropriation #### Current year profit **Code:** 4103 **Class:** Equity **Note:** Year-end closing transfer #### Profit distribution **Code:** 4104 **Class:** Equity **Note:** Retained earnings movement #### Production cost **Code:** 5001 **Class:** Cost **Note:** Work in process cost pool #### Manufacturing overhead **Code:** 5101 **Class:** Cost **Note:** Allocated to products at period end #### Main business revenue **Code:** 6001 **Class:** P&L **Note:** Product sales revenue #### Other business revenue **Code:** 6051 **Class:** P&L **Note:** Scrap sales, rental income #### Main business cost **Code:** 6401 **Class:** P&L **Note:** Cost of goods sold #### Other business cost **Code:** 6402 **Class:** P&L **Note:** Cost for other business revenue #### Taxes and surcharges **Code:** 6403 **Class:** P&L **Note:** Urban maintenance, education surcharges #### Selling expenses **Code:** 6601 **Class:** P&L **Note:** Sales and marketing costs #### Administrative expenses **Code:** 6602 **Class:** P&L **Note:** G&A costs #### Financial expenses **Code:** 6603 **Class:** P&L **Note:** Interest and FX differences #### Income tax expense **Code:** 6801 **Class:** P&L **Note:** Current and deferred tax **Notes:** Codes follow the standard first-level layout of the Enterprise Accounting Standards account list. Companies may add sub-accounts and some industries use extra codes. Verify against the chart your auditors and tax bureau expect before mapping. ## Content **Intro:** Chinese statutory books use a prescribed first-level account list. When a foreign group rolls out SAP, Oracle or a local ERP in China, the finance team usually has to map these codes to the group chart of accounts. This table gives the common first-level codes with English names and mapping notes. **Sections:** #### How to use the table **Body:** Search by account name or code to find the matching statutory account. Add the group account that each row maps to in your own spreadsheet after export. Notice the four-digit structure: the first digit groups assets, liabilities, equity, cost and profit and loss, and sub-accounts extend the code with further segments chosen by the company. Many Chinese ERPs also add auxiliary accounting dimensions such as customer, supplier, department and project that replace the long account strings western systems use. #### How the structure differs from a western chart **Body:** Two points surprise group controllers. First, manufacturing cost is booked through 5001 production cost and 5101 manufacturing overhead before it moves to finished goods and cost of sales, which matches how Kingdee, Yonyou and Inspur cost modules close the period. Second, taxes payable under 2221 carries sub-accounts for input VAT, output VAT, VAT to be paid and income tax, so VAT does not use a single balance sheet account. **Bullets:** - Assets 1xxx, liabilities 2xxx, equity 4xxx - Cost accounts 5xxx, income and expense 6xxx - Auxiliary dimensions replace many sub-account levels - Statutory books must remain in CNY and in Chinese #### Mapping to IFRS or US GAAP group reporting **Body:** Keep the statutory chart in the local ledger and map each account to a group account in a mapping table. Do not rewrite the local chart to match the group, because the tax bureau and auditors expect the statutory layout. In SAP this is a local chart of accounts alongside the group chart, in Oracle a secondary ledger or a translation mapping. #### Common mistakes **Body:** Teams often skip the allowance and reserve contra accounts when mapping, which breaks balance sheet totals. Others forget that FX differences sit in financial expenses 6603 in the local books but may need separate reporting at group level. Document each mapping decision with the reason and the date. **Cta:** If you are mapping a China chart to a group chart and want a second pair of eyes on the mapping table, Netray can review it against your trial balance. **Faq:** #### Does China require a specific chart of accounts? **Answer:** Companies follow the first-level account list issued with the Enterprise Accounting Standards and may add sub-accounts. Some sectors have their own standards. The statutory books and tax filings are expected to be consistent with this layout. #### Can I use my group chart of accounts in China? **Answer:** You can run a group chart in parallel, but the statutory ledger still needs to follow the Chinese structure for tax and audit. Most groups keep a local chart and use a mapping table for consolidation. #### What is account 2221 used for? **Answer:** 2221 is taxes payable. VAT input, VAT output, VAT payable, corporate income tax and surcharges are held as sub-accounts below it. Bad sub-account design here causes most VAT reconciliation problems. #### Do Chinese ERPs use auxiliary accounting? **Answer:** Yes, systems like Kingdee and Yonyou use auxiliary dimensions such as customer, supplier, employee, department and project attached to an account, which keeps the account list short while still tracking detail. ## Search terms china chart of accounts, china gaap account codes, asbe chart of accounts, chinese accounting standards account list, china coa mapping to ifrs, kingdee chart of accounts, yonyou account codes, china statutory chart of accounts --- Talk to an engineer: https://netray.co/contact?intent=erp_ai | Machine catalog: https://netray.co/agent/catalog.json