Chart of Accounts
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 - ?