Chart of Accounts
From ADempiere
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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 |