Difference between revisions of "Chart of Accounts"
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== Field description == | == Field description == | ||
− | Account value - unique ID of the account | + | * Account value - unique ID of the account |
− | Account name - short name of the account | + | * Account name - short name of the account |
− | Account description - a description of the account | + | * Account description - a description of the account |
− | Account type - type of the entities written to this account (Asset/Liability/Owner's Equity/Expense/Revenue/Memo) | + | * Account type - type of the entities written to this account (Asset/Liability/Owner's Equity/Expense/Revenue/Memo) |
− | Account sign - Natural(+/-)/Debit(-)/Credit(+) | + | * Account sign - Natural(+/-)/Debit(-)/Credit(+) |
− | Document controlled - ??? | + | * Document controlled - ??? |
− | Summary account - No entries can be posted to this account, this is a summary of the subaccounts. All entries have to be submitted to the subaccounts | + | * Summary account - No entries can be posted to this account, this is a summary of the subaccounts. All entries have to be submitted to the subaccounts |
− | Default account - ? | + | * Default account - ? |
− | Account parent - Summary account where the entries of this account are summarized to | + | * Account parent - Summary account where the entries of this account are summarized to |
− | Balance sheet - ? | + | * Balance sheet - ? |
− | Balance sheet name - ? | + | * Balance sheet name - ? |
− | US 1120 Balance Sheet - ? | + | * US 1120 Balance Sheet - ? |
− | US 1120 Balance Sheet Name - ? | + | * US 1120 Balance Sheet Name - ? |
− | Profit&Loss - ? | + | * Profit&Loss - ? |
− | Profit&Loss Name - ? | + | * Profit&Loss Name - ? |
− | US 1120 Income Stmt - ? | + | * US 1120 Income Stmt - ? |
− | US 1120 Income Stmt Name - ? | + | * US 1120 Income Stmt Name - ? |
− | Cash Flow - ? | + | * Cash Flow - ? |
− | Cash Flow Name - ? | + | * Cash Flow Name - ? |
==Common Errors in Design == | ==Common Errors in Design == |
Revision as of 08:45, 13 November 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 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 |
Field description
- Account value - unique ID of the account
- Account name - short name of the account
- Account description - a description of the account
- Account type - type of the entities written to this account (Asset/Liability/Owner's Equity/Expense/Revenue/Memo)
- Account sign - Natural(+/-)/Debit(-)/Credit(+)
- Document controlled - ???
- Summary account - No entries can be posted to this account, this is a summary of the subaccounts. All entries have to be submitted to the subaccounts
- Default account - ?
- Account parent - Summary account where the entries of this account are summarized to
- Balance sheet - ?
- Balance sheet name - ?
- US 1120 Balance Sheet - ?
- US 1120 Balance Sheet Name - ?
- Profit&Loss - ?
- Profit&Loss Name - ?
- US 1120 Income Stmt - ?
- US 1120 Income Stmt Name - ?
- Cash Flow - ?
- Cash Flow Name - ?