An Example Chart of Accounts for Ollivanders Wand Shop in Harry Potter

Here's an example chart of accounts for Ollivanders, the magical wand store in the world of Harry Potter:

Assets

• 1010 Cash on Hand

• 1020 Petty Cash

• 1030 Inventory - Wands

• 1040 Inventory - Wand Cores

• 1050 Inventory - Wand Boxes

• 1060 Inventory - Display Cases

• 1070 Furniture and Fixtures

• 1080 Equipment

• 1090 Leasehold Improvements

Liabilities

• 2010 Accounts Payable

• 2020 Credit Card Payable

• 2030 Sales Tax Payable

Equity

• 3010 Owner's Equity

Income

• 4010 Wand Sales

• 4020 Wand Core Sales

• 4030 Wand Box Sales

• 4040 Wand Repair Services

• 4050 Magic Wand Accessories

Expenses

• 5010 Cost of Goods Sold - Wands

• 5020 Cost of Goods Sold - Wand Cores

• 5030 Cost of Goods Sold - Wand Boxes

• 5040 Cost of Goods Sold - Display Cases

• 5050 Salaries and Wages

• 5060 Rent

• 5070 Utilities

• 5080 Advertising and Promotion

• 5090 Office Supplies

• 5100 Repairs and Maintenance

• 5110 Insurance

• 5120 Professional Fees

• 5130 Taxes and Licenses

• 5140 Bad Debts

• 5150 Bank Fees

• 5160 Interest Expense

Note: This is just an example and may not be suitable for all magical wand stores. It's always important to consult with a bookkeeper or accountant to determine the best chart of accounts for your specific business.