Difference between revisions of "Chart of Accounts"

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(Chart of Accounts Design)
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== Chart of Accounts Design ==
 
== Chart of Accounts Design ==
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*The COA as found in ADempiere is in the form of an excel spreadsheet where users can adapt to their own format.
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*It can then be saved as a comma separated value file or accting.csv and imported into ADempiere.
 +
*Daniel Norin has created a nice [[COA Editor]] to access that csv file to change or create a new COA without looking at the excel file.
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*The COA follows the General Accepted Principles of Accounting (GAAP) in practice throughout the world.
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===Summary List of COA===
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*Here we lay out the general structure of the COA by displaying only the ''summary'' elements.
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{| class="wikitable" style="margin: 1em 1em 1em 1em"
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|- bgcolor=#5797bb
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! '''Account Value    || Account Name || Account Type           
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|-
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| 1 || Assets || Asset 
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|-
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| 2 || Liabilities || Liability
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|-
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|3 || Owner's Equity/Net Worth || Owner's Equity
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|-
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| 4 || Sales || Revenue
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|-
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| 5 || Cost of Goods Sold || Expense
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|-
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| 6 || Expenses || Expense
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|-
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|}
  
 
==Common Errors in Design ==
 
==Common Errors in Design ==

Revision as of 01:04, 7 October 2007

Purpose of the Chart of Accounts

Chart of Accounts Design

  • The COA as found in ADempiere is in the form of an excel spreadsheet where users can adapt to their own format.
  • It can then be saved as a comma separated value file or accting.csv and imported into ADempiere.
  • Daniel Norin has created a nice COA Editor to access that csv file to change or create a new COA without looking at the excel file.
  • The COA follows the General Accepted Principles of Accounting (GAAP) in practice throughout the world.

Summary List of COA

  • Here we lay out the general structure of the COA by displaying only the summary elements.
Account Value Account Name Account Type
1 Assets Asset
2 Liabilities Liability
3 Owner's Equity/Net Worth Owner's Equity
4 Sales Revenue
5 Cost of Goods Sold Expense
6 Expenses Expense

Common Errors in Design