| No. | Account | Type | Normal | Balance | ||
|---|---|---|---|---|---|---|
1000 |
Checking | Bank | debit | $19,655.00 | ||
1010 |
Business Checking | Bank | debit | $81,731.00 | ||
1100 |
Accounts Receivable | Accounts Receivable | debit | $10,244.00 | ||
1200 |
Undeposited Funds | Other Current Asset | debit | $0.00 | ||
1500 |
Inventory Asset | Other Current Asset | debit | $9,537.50 | ||
1700 |
Fixed Assets | Fixed Asset | debit | $39,199.00 | ||
1750 |
Accumulated Depreciation | Fixed Asset | credit | -$18,959.00 | ||
1800 |
Prepaid Expenses | Other Current Asset | debit | $0.00 |
Chart of AccountsThe account structure everything posts to, and the only place its shape is decided. Account type drives which statement a balance lands on, so a mistyped account is a misplaced figure on every report at once.
| No. | Account | Type | Normal | Balance | ||
|---|---|---|---|---|---|---|
2000 |
Accounts Payable | Accounts Payable | credit | $9,758.00 | ||
2100 |
business_cc | Credit Card | credit | $55.37 | ||
2200 |
Sales Tax Payable | Other Current Liability | credit | $327.00 | ||
2300 |
Payroll Liabilities | Other Current Liability | credit | $0.00 | ||
2350 |
Tips Payable | Other Current Liability | credit | $0.00 | ||
2360 |
Gift Card Liability | Other Current Liability | credit | $0.00 | ||
2700 |
Long-Term Loans | Long-Term Liability | credit | $0.00 |
| No. | Account | Type | Normal | Balance | ||
|---|---|---|---|---|---|---|
3000 |
Opening Balance Equity | Equity | credit | $39,199.00 | ||
3100 |
Owner's Equity | Equity | credit | $0.00 | ||
3200 |
Owner's Draw | Equity | debit | $0.00 | ||
3900 |
Retained Earnings | Equity | credit | $0.00 |
| No. | Account | Type | Normal | Balance | ||
|---|---|---|---|---|---|---|
4000 |
Sales | Income | credit | $277,359.00 | ||
4010 |
Services | Income | credit | $0.00 | ||
4900 |
Other Income | Other Income | credit | $0.00 | ||
4950 |
Uncategorized Income | Income | credit | $0.00 | ||
4990 |
Sales Discounts | Income | debit | $0.00 |
| No. | Account | Type | Normal | Balance | ||
|---|---|---|---|---|---|---|
5000 |
Cost of Goods Sold | Cost of Goods Sold | debit | $83,069.50 | ||
5900 |
Purchase Discounts | Cost of Goods Sold | credit | $0.00 | ||
6000 |
Advertising & Marketing | Expense | debit | $21,649.00 | ||
6010 |
Inventory Adjustment | Expense | debit | $0.00 | ||
6050 |
Bank & Merchant Fees | Expense | debit | $0.00 | ||
6100 |
Contractors & Prof. Fees | Expense | debit | $0.00 | ||
6150 |
Insurance | Expense | debit | $0.00 | ||
6200 |
Meals | Expense | debit | $0.00 | ||
6250 |
Office Supplies | Expense | debit | $55.37 | ||
6300 |
Rent & Lease | Expense | debit | $40,375.00 | ||
6350 |
Repairs & Maintenance | Expense | debit | $0.00 | ||
6400 |
Software & Subscriptions | Expense | debit | $7,910.00 | ||
6450 |
Travel | Expense | debit | $0.00 | ||
6500 |
Utilities | Expense | debit | $0.00 | ||
6550 |
Taxes & Licenses | Expense | debit | $0.00 | ||
6900 |
Uncategorized Expense | Expense | debit | $13,148.00 | ||
7000 |
Depreciation Expense | Other Expense | debit | $19,084.00 | ||
7100 |
Interest Expense | Other Expense | debit | $0.00 |