Accounting software packages
BALANCE SHEET DESCRIPTION AND ACCOUNT TYPE
Description
Cash, petty cash
Account receivable
Account receivable-net
Inventory
Land, building, equipment, property, plant…
Other assets
Goodwill, Trade names
*(from 1510! )
Prepaid expenses
Long-term investments
Temporary investments
Supplies
Prepaid insurance investment
Less accumulated depreciation
Account payable, Notes payable
Wages payable, Interest payable
Tax payable, Warranty liability
Unearned revenues, salaries payable
income taxes payable, bonds payable
Capital stock, common stock
Retained earnings
Less treasury stock
*(don’t forget minus – with less tre….)
Notes payable, Bonds payable
*(if we have long term liability in an account)
Account type cash
Account receivable inventory
Fixed assets
Other assets
Other current assets accumulated depreciation
Account payable
Equity doesn’t close
Long-term liability
INCOME STATEMENT DESCRIPTION AND ACCOUNT TYPE
Description
Net sales, dividend revenue, revenues & gains, sale revenues, interest revenues, gain on sales of assets
Cost of goods sold
Selling expenses, general & administrative,
Loss in sale of land, interest expenses, income tax
expense,
commissions expense,
office supplies expense,
office equipment expense,
advertising expense, loss from lawsuit
Account type income
Cost of sales
Expense
JOURNAL DESCRIPTION AND ACCOUNT TYPE
Description
Cash, bank
capital
stock
Loan received, cheque received
Purchase, stationery, drawings
sales
furniture
Account type
Cash
Equity doesn’t close
Inventory
Account payable
Expenses
Income
Fixed assets
BUDGET DESCRIPTION AND ACCOUNT TYPE
Description
Car, purchase of truck
Accum depreciation
Common stock, retained earnings
Cash
Account receivable
Finished good inventory, raw material inventory
Account payable
Net income
Sales
Direct material, direct labour, manufacturing overhead
Selling and admin. Expenses, income tax expenses
Account type
Fixed assets
Accum depreciation
Equity doesn’t close cash
Account receivable inventory
Account payable equity
Sales income
Cost of sales
Expenses
Maintain chart acc..
نيةكب دايز ندركَيثتسةد يلاس يتاباسح تَيبةد مةكةي ىواطنةه :ينيبَيت
Maintain
ةيين ادمةتسيس ةلةك نيةكب دايز ةناباسح وةئ تَيبةد مةوود ىواطنةه
Maintain
نيةكةد دايز budget ىتاباسح مةيَيس ىواطنةه