>>>>> On Sat, 3 Jun 2000 18:28:27 -0700 (PDT), Rob Walker
>>>>> <[EMAIL PROTECTED]> said:
Rob> I think I will fire up quicken now and see what their charts look
Rob> like. Any objections?
I opened up "Quicken 5 for Windows", and clicked on help, search.
"chart of accounts", return.
I quote below.
"
Title: Chart of accounts
Balance sheet accounts (your business assets, liabilities, and
capital) are equivalent to Quicken bank, cash, credit or charge card,
other asset, other liability, and investment accounts.
Income statement accounts (your business revenue and expenses) are
equivalent to Quicken income and expense _categories._ Income
statement accounts are also called profit and loss accounts.
for more information, contact Intuit Direct Sales and ask for a copy
of the <i>Quicken Business User's guide.</i> _Click here_ for the
phone number.
"
If you click on _categories_, you get
"
Title: Category
A specific way of identifying your transactions by income and expense
item; for example, Utilities, Groceries, and Salary. You can then use
quicken to create graphs of various aspects of your finances. _More
detail>_
"
Clicking on _More detail_
"
Title: What is a category?
A useful label
In Quicken, categories are labels that you can apply to transactions.
You use them to keep track of where your money comes from and where it
goes. Examples of categories that you might use are "Salary,"
"Groceries," and "Utilities."
Categories extend the power of Quicken
When you categorize your transactions, Quicken reports, graphs, and
budgets become much more meaningful. You can create reports and
graphs that tell you how much you spend on items like food,
entertainment, or mortgage interest; or how much income you receive
from sources like salary, dividends, or interest. To see a sample
report that shows the importance of categoris, _click here._
See a list of...
_Quicken's standard home categories_
_Quicken's standard business categories_
"
Clicking on _Quicken's standard home categories_
"
Title: Quicken's standard home categories
If you installed Quicken with the Canadian Taxpayer box selected, your
list of categories is different. For details, _click here_.
_Category_ _Type_ _Tax_ _Description_
Bonus Income Tax Bonus Income
Div Income Income Tax Dividend Income
Gift Received Income Gift Received
Int Inc Income Tax Interest Income
Invest Inc Income Tax Investment Income
Online Data Inc Income Online Banking Income
Other Inc Income Tax Other Income
Salary Income Tax Salary Income
Auto Expense Automobile Expenses
Fuel Sub Auto Fuel
Insurance Sub Auto Insurance
Loan Sub Auto Loan Payment
Service Sub Auto Service
Bank Chrg Expense Bank Charge
Charity Expense Tax Charitable Donations
Cash Contrib. Sub Tax Cash Contributions
Non-Cash Sub Tax Non-Cash Contributions
Childcare Expense Tax Childcare Expense
Clothing Expense Clothing
Dining Expense Dining Out
Education Expense Education
Entertain Expense Entertainment
Gifts Expense Gift Expenses
Groceries Expense Groceries
Home Repair Expense Home Repair & Maint.
Housing Expense Housing
Insurance Expense Insurance
Int Exp Expense Tax Interest Expense
Invest Exp Expense Tax Investment Expense
IRA Contrib Expense Tax IRA Contribution
IRA Contrib Spo Expense Tax IRA Contribution Spouse
Medical Expense Tax Medical Expense
Doctor Sub Tax Doctor & Dental Visits
Medicine Sub Tax Medicine & Drugs
Misc Expense Miscellaneous
Mort Int Expense Tax Mortgage Interest Exp
Online Data Exp Expense Tax Online Banking Expense
Other Exp Expense Other Expenses
Recreation Expense Recreation Expense
Subscriptions Expense Subscriptions
Supplies Expense Supplies
Tax Expense Tax Taxes
Fed Sub Tax Federal Tax
Medicare Sub Tax Medicare Tax
Other Sub Tax Misc. Taxes
Property Sub Tax Property Tax
Soc. Sec. Sub Tax Soc. Sec. Tax
State Sub Tax State Tax
Tax Spouse Expense Tax Spouse's Taxes
Fed Sub Tax Federal Tax
Medicare Sub Tax Medicare Tax
Other Sub Tax Misc. Taxes
Property Sub Tax Property Tax
Soc. Sec. Sub Tax Soc. Sec. Tax
State Sub Tax State Tax
Telephone Expense Telephone Expense
Utilities Expense Water, Gas, Electric
Gas & ElectricSub Gas & Electricity
Water Sub Water
"
Clicking on _Quicken's standard business categories_
"
Title: Quicken's standard business categories
_Category_ _Type_ _Tax_ _Description_
Gr Sales Income Tax Gross Sales
Ads Expense Tax Advertising
Car Expense Tax Car & Truck
Commission Expense Tax Commissions
Insurance, Bus Expense Tax Insurance (not health)
Int Paid Expense Tax Interest Paid
L&P Fees Expense Tax Legal & Prof. Fees
Late Fees Expense Tax Late Payment Fees
Meals & Entertn Expense Tax Meals & Entertainment
Office Expense Tax Office Expenses
Rent on Equip Expense Tax Rent-Vehicle, mach, equip
Rent Paid Expense Tax Rent Paid
Repairs Expense Tax Returns & Allowances
Supplies, Bus Expense Tax Supplies
Tax, Business Expense Tax Taxes & Lisences
Fed Expense Sub Federal Tax
Local Expense Sub Local Tax
Property Expense Sub Property Tax
State Expense Sub State Tax
Telephone, Bus Expense Tax Telephone Expense
Travel Expense Tax Travel Expenses
Utilities, Bus Expense Tax Water, Gas, Electric
Wages Expense Tax Wages & Job Credits
"
now, this is just a starting point. The help printed at
http://www.onlinewbc.org/docs/finance/bkpg_acct.html is certainly
helpful.
Here is the ex_cofa.txt which I exported from Star Office.
"Simple Production Shop Chart of Accounts"
"Asset Accounts"
"Current Assets"
1001 "Cash in bank"
1003 "Petty Cash account"
1005 "Inventory"
1008 "Accounts Receivable"
1012 "Prepaid Expense"
"Long Term Assets"
1200 "Land"
1300 "Buildings"
1301 "Accumulated Depreciation, buildings"
1400 "Vehicles"
1401 "Accumulated Depreciation, vehicles"
1600 "Shop Equipment"
1601 "Accumulated Depreciation, shop equipment"
1700 "Office Equipment"
1701 "Accumulated Depreciation, office equipment"
"Other Assets"
1800 "Deposits"
"Liability Accounts"
"Current Liabilities"
2002 "Accounts Payable"
2100 "Employment tax Payable"
2300 "Short term loans payable"
2350 "Customer Deposits"
2385 "Current Portion of Long Term Debt"
2400 "Suspense"
"Long Term Liabilities"
2501 "Land Payable"
2505 "Equipment Payable"
2510 "Vehicles Payable"
2514 "Bank Loans payable"
2551 "Less Current Portion LTD"
2750 "Paid in Capital"
2825 "Beginning equity"
2830 "Partners Contribution"
2835 "Partners Draw"
"Sales Accounts"
3010 "Frame Sales"
3015 "Other sales"
"Direct Expense Accounts"
4010 "Shop or Design Labor"
4015 "Payroll Tax Expense"
4023 "Workers Comp Expense"
4027 "State Sales Tax Expense"
4101 "Materials"
4200 "Freight"
4326 "Engineering"
4510 "Outside Services"
4550 "Shop or design supplies"
4647 "Rental expense"
4700 "Repair and Maintenance"
4809 "Small tools"
4830 "Travel"
4843 "Lodging"
4849 "Meals"
"Indirect Expense Accounts (overhead)"
5010 "Salaries & wages, office & sales"
5015 "Payroll tax expense, office & sales"
5023 "Workers Comp Expense, office & sales"
5300 "Accounting"
5312 "Advertising"
5330 "Bank Fees"
5341 "Depreciation expense"
5345 "Dues and Subscriptions"
5353 "Insurance: Product Liability "
5355 "Insurance: vehicles"
5358 "Legal Fees"
5550 "Office supplies"
5600 "Postage"
5618 "Research and Development"
5700 "Repair and Maintenace, office"
5762 "Taxes and licenses"
5775 "Telephone"
5813 "Training"
5820 "Utilities"
"Other Accounts"
7050 "Interest Income"
7100 "Cash discounts"
7200 "Gain or loss on sale of assets"
8020 "Interest expense"
Using the information at the sbc site, I will convert the Quicken
categories to real categories, and add numbers.
rob
PS. this .sig came up random.
--
"A penny saved may be a penny earned, but it's a waste of
a deposit slip and it really pisses off the tellers."
--
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