diff --git a/erpnext/accounts/page/accounts_browser/accounts_browser.py b/erpnext/accounts/page/accounts_browser/accounts_browser.py
index 30d6ee1..45540f8 100644
--- a/erpnext/accounts/page/accounts_browser/accounts_browser.py
+++ b/erpnext/accounts/page/accounts_browser/accounts_browser.py
@@ -6,6 +6,7 @@
 import frappe.defaults
 from frappe.utils import flt
 from erpnext.accounts.utils import get_balance_on
+from erpnext.accounts.report.financial_statements import sort_root_accounts
 
 @frappe.whitelist()
 def get_companies():
@@ -21,12 +22,15 @@
 	# root
 	if args['parent'] in ("Accounts", "Cost Centers"):
 		acc = frappe.db.sql(""" select
-			name as value, is_group as expandable
+			name as value, is_group as expandable, root_type, report_type
 			from `tab%s`
 			where ifnull(parent_%s,'') = ''
 			and `company` = %s	and docstatus<2
 			order by name""" % (ctype, ctype.lower().replace(' ','_'), '%s'),
 				company, as_dict=1)
+
+		if args["parent"]=="Accounts":
+			sort_root_accounts(acc)
 	else:
 		# other
 		acc = frappe.db.sql("""select
diff --git a/erpnext/accounts/report/financial_statements.py b/erpnext/accounts/report/financial_statements.py
index b58f078..07d5e51 100644
--- a/erpnext/accounts/report/financial_statements.py
+++ b/erpnext/accounts/report/financial_statements.py
@@ -184,9 +184,14 @@
 		parent_children_map.setdefault(d.parent_account or None, []).append(d)
 
 	filtered_accounts = []
+
 	def add_to_list(parent, level):
 		if level < depth:
-			for child in (parent_children_map.get(parent) or []):
+			children = parent_children_map.get(parent) or []
+			if parent == None:
+				sort_root_accounts(children)
+
+			for child in children:
 				child.indent = level
 				filtered_accounts.append(child)
 				add_to_list(child.name, level + 1)
@@ -203,6 +208,20 @@
 
 	return filtered_accounts, accounts_by_name
 
+def sort_root_accounts(roots):
+	"""Sort root types as Asset, Liability, Equity, Income, Expense"""
+
+	def compare_roots(a, b):
+		if a.report_type != b.report_type and a.report_type == "Balance Sheet":
+			return -1
+		if a.root_type != b.root_type and a.root_type == "Asset":
+			return -1
+		if a.root_type == "Liability" and b.root_type == "Equity":
+			return -1
+		return 1
+
+	roots.sort(compare_roots)
+
 def get_gl_entries(company, from_date, to_date, root_lft, root_rgt, ignore_closing_entries=False):
 	"""Returns a dict like { "account": [gl entries], ... }"""
 	additional_conditions = []