Difference between revisions of "Chart of Accounts"
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== Chart of Accounts Design == | == 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. | ||
| + | {| class="wikitable" style="margin: 1em 1em 1em 1em" | ||
| + | |- bgcolor=#5797bb | ||
| + | ! '''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 == | ==Common Errors in Design == | ||
Revision as of 02:04, 7 October 2007
Contents
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 |
