|Account category||Debit or credit||FSIC||Description|
|1110 Cash and cash equivalents||D||CCE||Includes all assets that can be turned to cash in the near term. This includes cash accounts, marketable securities, and so forth.|
|1111 Credit card receipts||D||CCE||Where credit card receipts are posted. These are essentially the same as cash.|
|1121 Accounts receivable||D||AR||Includes only trade AR accounts. Special accounts set up for employee receivables should be classified as other current assets.|
|1122 Allowance for bad debts||D||ABD||Applies only to the trade AR accounts. It is a contra account where the allowance for noncollectible or doubtful AR is recorded.|
|1130 Inventory||D||INV||Includes all types of inventory accounts.|
|1190 Other current assets||D||OCA||Includes all current assets not specifically designated in other asset categories.|
|1211 Property, plant, and equipment||D||PPE||Includes only the cost of the assets. A separate category is provided for the accumulated depreciation.|
|1212 Accumulated depreciation||D||AD||Contra account used to record the accumulated depreciation for the assets (plant, property, and equipment).|
|1290 Other noncurrent assets||D||ONCA||For all noncurrent assets except property, plant, and equipment.|
|2110 Accounts payable||C||AP||For trade accounts payable only.|
|2120 Short-term debt||C||STD||Records debt that will be fulfilled within the current year.|
|2130 Credit cards payable||C||OCL||For accounts where credit card purchases are recorded.|
|2190 Other current liabilities||C||OCL||Includes all other current liabilities except accounts payable and short-term debt.|
|2210 Long-term debt||C||LTD||Records debt that is more than one year in duration.|
|2240 Other noncurrent liabilities||C||ONCL||Records all noncurrent liabilities other than long-term debt.|
|3100 Equity||C||EQ||Includes capital stock or other paid-in capital. Accumulated dividends are also included in this group.|
|3200 Retained earnings||C||RE||Includes retained earnings for all prior years. If a special account is used for closing revenue and expense accounts during year-end processing, it should be either in this category or in Revenue/expense clearing.|
|3999 Revenue/ expense clearing||C||RE||Reserved for the account used to close out the revenue and expenses as part of the year-end closing procedures.|
|4000 Net sales||C||NS||Includes all sales accounts as well as returns and allowances.|
|5000 Cost of sales||D||COS||Includes all direct costs of sales.|
|6100 Amortization & depreciation exp||D||ADE||Includes the expense to record depreciation and amortization costs. This is a non-cash type expense.|
|6200 Bad debt expense||D||BDE||Includes all bad debt expense. This is a non-cash expense.|
|6300 Officer compensation||D||OC||Includes only accounts that are used to record expenses for compensation to officers of the company.|
|6400 Interest expense||D||INT||Includes only accounts to record interest expense.|
|6500 Operating expense||D||OOE||Includes all expenses that are not specifically identified elsewhere.|
|7100 NonOperating income||C||ONOI||Includes all revenue not identified as net sales.|
|7200 NonOperating expense||D||ONOE||Records any other nonoperating expense.|
|8000 Income taxes||D||IT||Records state and federal income taxes paid. Income tax refunds should also be recorded in this group.|
Microsoft Small Business Financial Manager Copyright © 1996-1998 Microsoft Corporation
|file: /Techref/app/acct/excelcoa.htm, 6KB, , updated: 2005/7/14 06:00, local time: 2018/1/21 14:21,
|©2018 These pages are served without commercial sponsorship. (No popup ads, etc...).Bandwidth abuse increases hosting cost forcing sponsorship or shutdown. This server aggressively defends against automated copying for any reason including offline viewing, duplication, etc... Please respect this requirement and DO NOT RIP THIS SITE. Questions?|
<A HREF="http://www.piclist.com/techref/app/acct/excelcoa.htm"> Account categories</A>
|Did you find what you needed?|
PICList 2018 contributors:
o List host: MIT, Site host massmind.org, Top posters @20180121 David C Brown, Isaac M. Bavaresco, Manu Abraham, RussellMc, Van Horn, David, Dwayne Reid, Harold Hallikainen, James Cameron, Sean Breheny, John Gardner,
* Page Editors: James Newton, David Cary, and YOU!
* Roman Black of Black Robotics donates from sales of Linistep stepper controller kits.
* Ashley Roll of Digital Nemesis donates from sales of RCL-1 RS232 to TTL converters.
* Monthly Subscribers: Gregg Rew. on-going support is MOST appreciated!
* Contributors: Richard Seriani, Sr.
Welcome to www.piclist.com!