An Example of Santa’s Chart of Accounts as a Non Profit

Written By Kat Wickstrom

Here is an example of Santa's chart of accounts if he operated as a non-profit organization:

Assets:

  • Cash in Bank

  • Accounts Receivable

  • Inventory of Toys

  • Land, Building, and Equipment

  • Investments

Liabilities:

  • Accounts Payable

  • Accrued Payroll

  • Deferred Revenue

Equity:

  • Donations and Contributions

  • Retained Earnings

Revenue:

  • Donations

  • Fundraising Events

  • Grants

Expenses:

  • Cost of Goods Sold (toys, wrapping paper, etc.)

  • Salaries and Wages

  • Rent

  • Utilities

  • Marketing and Advertising

  • Professional Fees

  • Travel and Entertainment

  • Depreciation and Amortization

  • Insurance

This chart of accounts includes the various categories that Santa's non-profit organization would need to track in order to manage its finances effectively. With this chart of accounts, Santa would be able to easily track his revenue and expenses, manage his cash flow, and create accurate financial statements for his organization.

Kat Wickstrom
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