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Requesting a chart of accounts for Medical Device company

I recently was engaged by a Medical Device company. I have worked with Life Science clients - drug development companies - but not medical device. This client is in the early stages of development with several products but is moving towards commercialization with a CE mark product ready for sale in Europe next year. A chart of accounts from a medical device company would be helpful. This client had the typical scenario of a bookkeeper for several years with little financial oversight while in start up mode but now the business is getting "serious" and I need to revamp the COA.


Topic Expert
Wayne Spivak
Title: President & CFO
LinkedIn Profile
(President & CFO, |

If they are manufacturing, then a standard COA for a manufacturer. Be aware that you may need to implement lot numbers or serial numbers to track the entire audit trail. Contact the General Counsel/FDA Consultant/CPA firm to be sure.

Karen Adams
Title: Owner
Company: KJA Associates, LLC
(Owner, KJA Associates, LLC) |

Thank you Wayne

Len Green
Title: Performance Improvement Consultant and E..
Company: Haygarth Consulting LLC
LinkedIn Profile
(Performance Improvement Consultant and ERP Strategist, Haygarth Consulting LLC) |


Legacy GL systems will drive you to one COA structure. Modern GL systems may offer easier structures. Is your client going to make devices in its own facility or use a contract manufacturer (in which case your client may be a distributor)?

If you'd like some ideas on COA structures in cloud based ERP systems, please message me for some introductions.


Karen Adams
Title: Owner
Company: KJA Associates, LLC
(Owner, KJA Associates, LLC) |

Thank you Len.
I have been able to obtain a COA from a CFO who has previously worked with a Medical Device client.

muhammad furqan
Title: Executive Regulatory Reporting
Company: Effective Corporate Solutions
(Executive Regulatory Reporting, Effective Corporate Solutions) |

Can someone please provide me with COA of medical device companies?


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