Hans Kasper, MS-CPA, PS

Bookkeeping Chart of Accounts
 

A chart of accounts is nothing more than a listing of the bookkeeping accounts that, when properly organized, tell a historical story about your business.

The chart of accounts is organized into the following categories and sub-categories.

• Assets,

  • Current Assets,

  • Machinery and Equipment,

  • Other Assets,

• Liabilities,

  • Current Liabilities,

  • Long-term Liabilities,

• Equities,

  • Capital or Common Stock,

  • Retained Earnings,

• Income,

• Cost of Goods Sold or Services,

  • Materials,

  • Direct Labor,

  • Other Costs,

• Selling Expenses,

• General and Administrative Expenses,

• Research and Development Expenses, and

• Other Income and Expenses.

These categories and sub-categories are further broken down into accounts where the data is collected.  This listing is called the chart of accounts.

For a listing of business expenses click here.

QuickBooks has available within it multiple charts of accounts based on your type of business.  If you call us, we will email you a standardized chart of accounts depending on the type of business that you are: a Schedule C, an "S" corporation, or a "C" corporation.

Top of Page This page was last updated on 12/11/2008