diff --git a/lib/contracts/accountParser.js b/lib/contracts/accountParser.js
new file mode 100644
index 000000000..139f3c7cf
--- /dev/null
+++ b/lib/contracts/accountParser.js
@@ -0,0 +1,66 @@
+const bip39 = require("bip39");
+const hdkey = require('ethereumjs-wallet/hdkey');
+const fs = require('../core/fs');
+
+
+class AccountParser {
+  static parseAccountsConfig(accountsConfig, web3, logger) {
+    let accounts = [];
+    if (accountsConfig && accountsConfig.length) {
+      accountsConfig.forEach(accountConfig => {
+        const account = AccountParser.getAccount(accountConfig, web3, logger);
+        if (!account) {
+          return;
+        }
+        if (Array.isArray(account)) {
+          accounts = accounts.concat(account);
+          return;
+        }
+        accounts.push(account);
+      });
+    }
+    return accounts;
+  }
+
+  static getAccount(accountConfig, web3, logger) {
+    if (!logger) {
+      logger = console;
+    }
+    if (accountConfig.privateKey) {
+      if (!accountConfig.privateKey.startsWith('0x')) {
+        accountConfig.privateKey = '0x' + accountConfig.privateKey;
+      }
+      return web3.eth.accounts.privateKeyToAccount(accountConfig.privateKey);
+    }
+    if (accountConfig.privateKeyFile) {
+      let fileContent = fs.readFileSync(fs.dappPath(accountConfig.privateKeyFile)).toString();
+      fileContent = fileContent.trim().split(/[,;]/);
+      return fileContent.map(key => {
+        if (!key.startsWith('0x')) {
+          key = '0x' + key;
+        }
+        return web3.eth.accounts.privateKeyToAccount(key);
+      });
+    }
+    if (accountConfig.mnemonic) {
+      const hdwallet = hdkey.fromMasterSeed(bip39.mnemonicToSeed(accountConfig.mnemonic.trim()));
+
+      const addressIndex = accountConfig.addressIndex || 0;
+      const numAddresses = accountConfig.numAddresses || 1;
+      const wallet_hdpath = accountConfig.hdpath || "m/44'/60'/0'/0/";
+
+      const accounts = [];
+      for (let i = addressIndex; i < addressIndex + numAddresses; i++) {
+        const wallet = hdwallet.derivePath(wallet_hdpath + i).getWallet();
+        accounts.push(web3.eth.accounts.privateKeyToAccount('0x' + wallet.getPrivateKey().toString('hex')));
+      }
+      return accounts;
+    }
+    logger.warn('Unsupported account configuration: ' + JSON.stringify(accountConfig));
+    logger.warn('Try using one of those: ' +
+      '{ "privateKey": "your-private-key", "privateKeyFile": "path/to/file/containing/key", "mnemonic": "12 word mnemonic" }');
+    return null;
+  }
+}
+
+module.exports = AccountParser;
diff --git a/lib/contracts/provider.js b/lib/contracts/provider.js
index a5225f0ed..4f89b0e24 100644
--- a/lib/contracts/provider.js
+++ b/lib/contracts/provider.js
@@ -1,8 +1,6 @@
 const ProviderEngine = require('web3-provider-engine');
 const RpcSubprovider = require('web3-provider-engine/subproviders/rpc.js');
-const bip39 = require("bip39");
-const hdkey = require('ethereumjs-wallet/hdkey');
-const fs = require('../core/fs');
+const AccountParser = require('./accountParser');
 
 class Provider {
   constructor(options) {
@@ -18,35 +16,18 @@ class Provider {
       rpcUrl: options.web3Endpoint
     }));
 
-    if (this.accountsConfig && this.accountsConfig.length) {
-      this.accounts = [];
-      this.addresses = [];
-      this.accountsConfig.forEach(accountConfig => {
-        const account = this.getAccount(accountConfig);
-        if (!account) {
-          return;
-        }
-        if (Array.isArray(account)) {
-          this.accounts = this.accounts.concat(account);
-          account.forEach(acc => {
-            this.addresses.push(acc.address);
-          });
-          return;
-        }
-        this.accounts.push(account);
+    this.accounts = AccountParser.parseAccountsConfig(this.accountsConfig, this.web3, this.logger);
+    this.addresses = [];
+    if (this.accounts.length) {
+      this.accounts.forEach(account => {
         this.addresses.push(account.address);
+        this.web3.eth.accounts.wallet.add(account);
       });
-
-      if (this.accounts.length) {
-        this.accounts.forEach(account => {
-          this.web3.eth.accounts.wallet.add(account);
-        });
-        this.asyncMethods = {
-            eth_accounts: self.eth_accounts.bind(this)
-        };
-        if (this.isDev) {
-          this.logger.warn('You are using your own account in the develop environment. It might not be funded.');
-        }
+      this.asyncMethods = {
+        eth_accounts: self.eth_accounts.bind(this)
+      };
+      if (this.isDev) {
+        this.logger.warn('You are using your own account in the develop environment. It might not be funded.');
       }
     }
 
@@ -58,43 +39,6 @@ class Provider {
     this.engine.start();
   }
 
-  getAccount(accountConfig) {
-    if (accountConfig.privateKey) {
-      if (!accountConfig.privateKey.startsWith('0x')) {
-        accountConfig.privateKey = '0x' + accountConfig.privateKey;
-      }
-      return this.web3.eth.accounts.privateKeyToAccount(accountConfig.privateKey);
-    }
-    if (accountConfig.privateKeyFile) {
-      let fileContent = fs.readFileSync(fs.dappPath(accountConfig.privateKeyFile)).toString();
-      fileContent = fileContent.trim().split(/[,;]/);
-      return fileContent.map(key => {
-        if (!key.startsWith('0x')) {
-          key = '0x' + key;
-        }
-        return this.web3.eth.accounts.privateKeyToAccount(key);
-      });
-    }
-    if (accountConfig.mnemonic) {
-      const hdwallet = hdkey.fromMasterSeed(bip39.mnemonicToSeed(accountConfig.mnemonic.trim()));
-
-      const addressIndex = accountConfig.addressIndex || 0;
-      const numAddresses = accountConfig.numAddresses || 1;
-      const wallet_hdpath = accountConfig.hdpath || "m/44'/60'/0'/0/";
-
-      const accounts = [];
-      for (let i = addressIndex; i < addressIndex + numAddresses; i++) {
-        const wallet = hdwallet.derivePath(wallet_hdpath + i).getWallet();
-        accounts.push(this.web3.eth.accounts.privateKeyToAccount('0x' + wallet.getPrivateKey().toString('hex')));
-      }
-      return accounts;
-    }
-    this.logger.warn('Unsupported account configuration: ' + JSON.stringify(accountConfig));
-    this.logger.warn('Try using one of those: ' +
-      '{ "privateKey": "your-private-key", "privateKeyFile": "path/to/file/containing/key", "mnemonic": "12 word mnemonic" }');
-    return null;
-  }
-
   eth_accounts(payload, cb) {
     return cb(null, this.addresses);
   }