Difference between revisions of "Chart of Accounts"

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*The COA follows the General Accepted Principles of Accounting (GAAP) in practice throughout the world.
 
*The COA follows the General Accepted Principles of Accounting (GAAP) in practice throughout the world.
 
===Summary List of COA===
 
===Summary List of COA===
*Here we lay out the general structure of the COA by displaying only the ''summary'' elements.
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*Here we lay out the general structure of the COA by displaying only the ''top level summary'' elements.
 
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Revision as of 17:30, 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 top level 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