diff --git a/patches/april_2013/p05_create_chart_of_accounts.py b/patches/april_2013/p05_create_chart_of_accounts.py
new file mode 100644
index 00000000000..3a38a2c8636
--- /dev/null
+++ b/patches/april_2013/p05_create_chart_of_accounts.py
@@ -0,0 +1,7 @@
+import webnotes
+def execute():
+	for company in webnotes.conn.sql("select name from `tabCompany`"):
+		if not webnotes.conn.sql("select * from `tabAccount` where company = %s", company[0]):
+			webnotes.conn.sql("""update `tabCompany` set receivables_group = '', 
+				payables_group = '' where name = %s""", company[0])
+			webnotes.bean("Company", company[0]).save()
\ No newline at end of file