Understanding the Alternate Chart of Accounts for Spain

In Spain, local businesses are required to use a legal, also known as a statutory, chart of accounts (PGC - Plan General de Cuentas). The Spanish statutory chart of accounts uses a decimal-based numbering system with ten account classes:

Account	Classes
Balance Sheet	These account classes are included on the Balance Sheet: Class 1: Capital Accounts and Borrowings and Long Term Debt Class 2: Fixed Assets and Long Term Investments and Assets Class 3: Inventories Class 4: Receivables, Payables, and related accounts with third parties Class 5: Cash and Marketable Securities
Income Statement	These account classes are included on the Income Statement: Class 6: Expenses Class 7: Income and Revenue
Other	These account classes are reserved for other reporting purposes: Class 0: Special Accounts - generally, commitments that are not recorded on the Balance Sheet, and so on Class 9: Analysis Accounts - does not directly concern general accounting and fiscal statement preparation Class 8: Currently not used

Account

Classes

Balance Sheet

These account classes are included on the Balance Sheet:

Class 1: Capital Accounts and Borrowings and Long Term Debt
Class 2: Fixed Assets and Long Term Investments and Assets
Class 3: Inventories
Class 4: Receivables, Payables, and related accounts with third parties
Class 5: Cash and Marketable Securities

Income Statement

These account classes are included on the Income Statement:

Class 6: Expenses
Class 7: Income and Revenue

Other

These account classes are reserved for other reporting purposes:

Class 0: Special Accounts - generally, commitments that are not recorded on the Balance Sheet, and so on
Class 9: Analysis Accounts - does not directly concern general accounting and fiscal statement preparation
Class 8: Currently not used