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Accounting software packages

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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

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