Thanks to the standardized chart, account 430 means customers and 700 means sales in any Spanish set of books, which makes accounts comparable between companies and instantly readable to any advisor. The current text was approved by Royal Decree 1514/2007, available on the BOE.
In practice, a small SL almost always applies the PGC for SMEs, and micro-companies can also use some simplified criteria. An autónomo under the simplified direct assessment method does not keep books under the PGC, although its concepts still help to understand income and expenses.
Typical mistake: booking the purchase of a computer or a van as an expense of the year. Under the PGC these are fixed assets: they go on the balance sheet and are spread over time through depreciation. Another mistake is inventing accounts outside the chart, which makes the books hard for any other advisor to read.
It is linked to the libro diario, the annual accounts, and corporate tax, whose starting point is the accounting result calculated under the PGC. In kontora double-entry bookkeeping uses the PGC chart of accounts, so your books follow the same structure as any Spanish set of accounts.
Guides that use this term
- Tax and accounting duties of a Spanish SL
- How to keep your business books in Spain without knowing accounting
- Annual accounts of a Spanish SL: drawing up, approval, deposit and what happens if you skip them
- How to fill in modelo 111 box by box: 2026 instructions with a worked example
Related terms
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