GL Chart of Accounts¶

Default chart of accounts for the double-entry general ledger.

System Accounts¶

These accounts are auto-created on first use and cannot be deleted (is_system = True):

Code	Account Name	Type	Purpose
1100	Loans Receivable	Asset	Outstanding loan principal
1110	Interest Receivable	Asset	Accrued but unpaid interest
1120	Fees Receivable	Asset	Assessed but unpaid fees
1150	Suspense	Asset	Unapplied funds (partial payments, overpayments)
1200	Cash / Bank	Asset	Cash and bank accounts
1300	Allowance for Losses	Asset (contra)	Reserve for expected credit losses
2100	Unearned Revenue	Liability	Deferred revenue
4100	Interest Income	Revenue	Earned interest income
4200	Fee Income	Revenue	Earned fee income
4300	Recovery Income	Revenue	Post-charge-off recoveries
5100	Provision for Losses	Expense	Charge-off provision expense
5200	Fee Waiver Expense	Expense	Cost of waived fees
5300	Forgiveness Expense	Expense	Cost of forgiven principal

Account Hierarchy¶

Accounts support a parent/child hierarchy via the parent self-FK:

1000 Assets
├── 1100 Loans Receivable
├── 1110 Interest Receivable
├── 1120 Fees Receivable
├── 1150 Suspense
├── 1200 Cash / Bank
└── 1300 Allowance for Losses

2000 Liabilities
└── 2100 Unearned Revenue

4000 Revenue
├── 4100 Interest Income
├── 4200 Fee Income
└── 4300 Recovery Income

5000 Expenses
├── 5100 Provision for Losses
├── 5200 Fee Waiver Expense
└── 5300 Forgiveness Expense

Journal Entry Types¶

Every financial event produces balanced journal entries (debits = credits):

Origination & Funding¶

Event	Debit	Credit
Disbursement	Loans Receivable	Cash

Payments¶

Event	Debit	Credit
Payment (principal portion)	Cash	Loans Receivable
Payment (interest portion)	Cash	Interest Receivable
Payment (fee portion)	Cash	Fees Receivable

Accruals & Assessments¶

Event	Debit	Credit
Interest accrual (daily)	Interest Receivable	Interest Income
Fee assessment	Fees Receivable	Fee Income

Corrections & Waivers¶

Event	Debit	Credit
Fee waiver	Fee Waiver Expense	Fees Receivable
Principal forgiveness	Forgiveness Expense	Loans Receivable
Non-accrual interest reversal	Interest Income	Interest Receivable

Loss Recognition¶

Event	Debit	Credit
Charge-off provision	Provision for Losses	Allowance for Losses
Write-off	Allowance for Losses	Loans Receivable
Recovery (post-charge-off)	Cash	Recovery Income

Suspense¶

Event	Debit	Credit
Suspense hold (incoming)	Suspense	Cash
Suspense release (applied/refunded)	Cash	Suspense

Refunds¶

Event	Debit	Credit
Refund	Loans Receivable or Fees Receivable	Cash

Normal Balances¶

Account Type	Normal Balance	Increased By	Decreased By
Asset	Debit	Debit	Credit
Liability	Credit	Credit	Debit
Equity	Credit	Credit	Debit
Revenue	Credit	Credit	Debit
Expense	Debit	Debit	Credit

Contra accounts

Allowance for Losses (1300) is a contra-asset account. Its normal balance is credit, opposite to regular assets.