Standard Chart of Accounts for a Condo Corporation

A reference chart of accounts suitable for a typical Saskatchewan condominium corporation, structured for proper fund accounting. Adjust account names and numbers to fit your specific situation.

Assets (1000s)

Code	Account Name
1010	Chequing Account — Operating Fund
1020	Chequing Account — Reserve Fund
1030	Reserve Fund Investments
1100	Accounts Receivable — Condo Fees
1110	Accounts Receivable — Other
1200	Prepaid Expenses

Liabilities (2000s)

Code	Account Name
2010	Accounts Payable
2100	Prepaid Condo Fees
2200	GST/HST Payable
2300	Loans Payable

Net Assets (3000s)

Code	Account Name
3010	Operating Fund Surplus / Deficit
3020	Reserve Fund Balance

Revenue (4000s)

Code	Account Name
4010	Condo Fee Revenue — Operating
4020	Condo Fee Revenue — Reserve Fund
4030	Late Payment Fees
4040	Interest Income — Operating
4050	Interest Income — Reserve Fund
4060	Other Revenue

Operating Expenses (5000s)

Code	Account Name
5010	Management Fees
5020	Insurance
5030	Utilities — Electricity
5040	Utilities — Natural Gas
5050	Utilities — Water / Sewer
5060	Landscaping and Grounds
5070	Snow Removal
5080	Cleaning and Janitorial
5090	General Maintenance and Repairs
5100	Accounting and Audit Fees
5110	Legal Fees
5120	Bank Charges
5130	Administrative Expenses
5140	Reserve Fund Contribution

Reserve Fund Expenses (6000s)

Code	Account Name
6010	Roofing
6020	Exterior and Windows
6030	Parking and Paving
6040	Mechanical Systems
6050	Common Area Improvements
6060	Other Reserve Fund Expenditures

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Disclaimer: For general informational purposes only. Not legal, financial, accounting, or tax advice.