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Nautical chart of Accounts Complete listing with Descriptions (for QuickBooks)
- Hector Garcia
- August 7, 2021
UPDATED 08/06/2021
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And finally, here is a list of the well-nigh mutual cost and expense accounts with descriptions…
Toll of Goods Sold Accounts:
- Blueprints and Reproduction: Blueprints, photostats, and other press expense
- Bail Expense: Structure bonds expenses directly related to jobs
- Construction Materials Costs: Structure materials costs
- Contracted Services: Direct labor costs for contract (not-employees) performing services for clients
- Equipment Rental for Jobs: Rent paid for rented equipment used on jobs
- Freight and Shipping Costs: Freight-in and shipping costs for delivery to customers
- Freight Costs: Costs of freight and commitment for merchandise purchased
- Job Materials Purchased: Construction materials used on jobs
- Linens and Lodging Supplies: Costs of linens and other supplies for guest rooms
- Materials Costs: Toll of materials used on jobs
- Media Purchased for Clients: Print, TV, radio, and other media purchased for clients
- Merchant Account Fees: Credit menu merchant business relationship discount fees, transaction fees, and related costs
- Other Construction Costs: Other costs directly related to jobs such as waste matter disposal, onsite storage rental, etc.
- Other Job Related Costs: Other costs directly related to jobs such as waste disposal, onsite storage rental, etc.
- Parts Purchases: Purchases of parts for utilize on client repairs or resale
- Purchases – Hardware for Resale: Purchases of hardware items for resale that are not tracked or counted in inventory
- Purchases – Resale Items: Purchases of items for resale that are non tracked or counted in inventory
- Purchases – Software for Resale: Purchases of software items for resale that are not tracked or counted in inventory
- Subcontracted Services: Subcontracted services for customer service orders
- Subcontractors Expense: Subcontracted services performed past other contractors
- Tools and Small Equipment: Purchases of tools or small equipment used on jobs
- Worker's Compensation Insurance: Worker's bounty insurance premiums
Expense Accounts:
- Advertizing and Promotion: Advertising, marketing, graphic design, and other promotional expenses
- Auto and Truck Expenses: Fuel, oil, repairs, and other maintenance for business autos and trucks
- Automobile Expense: Fuel, oil, repairs, and other motorcar maintenance for business autos
- Banking concern Service Charges: Banking company account service fees, bad check charges and other banking company fees
- Business Licenses and Permits: Business licenses, permits, and other business-related fees
- Car and Truck Expenses: Fuel, oil, repairs, and other automobile and truck maintenance
- Chemicals Purchased: Costs of chemicals used in farming operations
- Reckoner and Cyberspace Expenses: Computer supplies, off-the-shelf software, online fees, and other computer or internet related expenses
- Continuing Education: Seminars, educational expenses and employee development, not including travel
- Depreciation Expense: Depreciation on equipment, buildings and improvements
- Dues and Subscriptions: Subscriptions and membership dues for borough, service, professional, trade organizations
- Equipment Rental: Rent paid for rented equipment used for business
- Fertilizers and Lime: Fertilizers and lime purchased for farm operations.
- Freight and Trucking: Amounts paid for freight or trucking of farm products.
- Gasoline, Fuel and Oil: Gasoline, fuel or oil used for farm mechanism
- Insurance Expense: Insurance expenses
- Insurance Expense: General Liability Insurance: General liability insurance premiums
- Insurance Expense: Life and Disability Insurance: Employee life and inability insurance premiums
- Insurance Expense: Professional Liability: Professional liability (errors and omissions) insurance
- Insurance Expense: Workers Compensation: Worker'south compensation insurance premiums
- Interest Expense: Interest payments on business loans, credit card balances, or other business debt
- Janitorial Expense: Janitorial expenses and cleaning supplies
- Landscaping and Groundskeeping: Landscape maintenance, gardening, and pool maintenance costs
- Marketing Expense: Advertising, marketing, graphic design, and other promotional expenses for our company
- Meals and Amusement: Concern meals and entertainment expenses, including travel-related meals (may have limited deductibility)
- Part Supplies: Office supplies expense
- Payroll Expenses: Payroll expenses
- Postage and Delivery: Postage stamp, courier, and pickup and commitment services
- Press and Reproduction: Press, copies, and other reproduction expenses
- Professional Fees: Payments to attorneys and other professionals for services rendered
- Rent Expense: Rent paid for company offices or other structures used in the business
- Repairs and Maintenance: Incidental repairs and maintenance of business assets that practise not add to the value or appreciably prolong its life
- Research Services: Enquiry costs including legal library and subscriptions for research services
- Salon Supplies, Linens, Laundry: Costs of supplies used in the course of business organization (includes linens and laundry services)
- Seeds and Plants Purchased: Seeds and plants purchased for producing farm income.
- Shop Expense: Miscellaneous shop supplies and related shop expenses (rags, hand cleaning supplies, etc.)
- Small Tools and Equipment: Purchases of small tools or equipment not classified equally fixed assets
- Storage and Warehousing: Amounts paid to store farm commodities.
- Taxes – Belongings: Taxes paid on property owned by the business, franchise taxes, excise taxes, etc.
- Telephone Expense: Telephone and long distance charges, faxing, and other fees Non equipment purchases
- Travel Expense: Business-related travel expenses including airline tickets, taxi fares, hotel and other travel expenses
- Uniforms: Uniforms for employees and contractors
- Utilities: H2o, electricity, garbage, and other bones utilities expenses
Hector Garcia
- Hector Garcia
- 8:34 am
- 17 Comments
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Source: https://qbkaccounting.com/chart-accounts-complete-list-descriptions/
17 Responses
When do you employ sub accounts?
when you need more than detail
I congratulate Hector Garcia is a great professional as Accountant, his tutorials have been very helpful for me.
Cheers so much for sharing their teachings!!
Neira
you welcome.
whatsoever one can share packers and movers charts of accounts
Where would marriage ante paid past the employer become?
Dues and Subscriptions probably
how exercise nosotros classify purchase of Trash Bin?
office supplies probably
What account would y'all recommend for the down payment on a new swimming pool?
1.under what expense does purchase of Technical Information fall? Example: buying Vehice Tech Info from Land Transport Say-so
or purchase of Company Profile from ACRA/Questnet
THANK Y'all for your answer
continued education?
Thank you! Hector Garcia for your information equally a student I'm very grateful that this works of yours does really assist me.
What account would you recommend for paying consultants (for such things every bit strategic planning and sales training)? We practice not have an account for Professional person Development, but idea that would make sense.
that seems fine
What class of Account would sale of institute and machinery be?
Fixed Asset