10/14/2025 2:01:19 PM 80000005-1759942678 Accumulated Depreciation FixedAsset Accumulated depreciation on equipment, buildings and improvements 80000004-1759942678 Furniture and Equipment FixedAsset Furniture and equipment with useful life exceeding one year 80000021-1759942680 Payroll Liabilities OtherCurrentLiability Unpaid payroll liabilities. Amounts withheld or accrued, but not yet paid 80000003-1759942678 Opening Balance Equity Equity Opening balances during setup post to this account. The balance of this account should be zero after completing your setup 8000001E-1759942678 Owners Draw Equity Monies taken out of the business by the owner 8000001F-1759942678 Owners Equity Equity Monies invested in the business by the owner, and profits kept in company accounts 80000006-1759942678 Sales Income Gross receipts from sales 80000007-1759942678 Shipping and Delivery Income Income Shipping charges charged to customers 80000008-1759942678 Freight and Shipping Costs CostOfGoodsSold Freight-in and shipping costs for delivery to customers 80000009-1759942678 Merchant Account Fees CostOfGoodsSold Credit card merchant account discount fees, transaction fees, and related costs 8000000A-1759942678 Product Samples Expense CostOfGoodsSold Cost of products used as floor samples or given to customers for trial or demonstration 8000000B-1759942678 Purchases - Resale Items CostOfGoodsSold Purchases of items for resale that are not tracked or counted in inventory 8000000C-1759942678 Advertising and Promotion Expense Advertising, marketing, graphic design, and other promotional expenses 8000000D-1759942678 Automobile Expense Expense Fuel, oil, repairs, and other automobile maintenance for business autos 8000000E-1759942678 Bank Service Charges Expense Bank account service fees, bad check charges and other bank fees 8000000F-1759942678 Computer and Internet Expenses Expense Computer supplies, off-the-shelf software, online fees, and other computer or internet related expenses 80000010-1759942678 Depreciation Expense Expense Depreciation on equipment, buildings and improvements 80000011-1759942678 Dues and Subscriptions Expense Subscriptions and membership dues for civic, service, professional, trade organizations 80000012-1759942678 Insurance Expense Expense Insurance expenses 80000013-1759942678 Interest Expense Expense Interest payments on business loans, credit card balances, or other business debt 80000014-1759942678 Meals and Entertainment Expense Business meals and entertainment expenses, including travel-related meals (may have limited deductibility) 80000015-1759942678 Office Supplies Expense Office supplies expense 80000020-1759942680 Payroll Expenses Expense Payroll expenses 80000016-1759942678 Postage and Delivery Expense Postage, courier, and pickup and delivery services 80000017-1759942678 Professional Fees Expense Payments to accounting professionals and attorneys for accounting or legal services 80000018-1759942678 Rent Expense Expense Rent paid for company offices or other structures used in the business 80000019-1759942678 Repairs and Maintenance Expense Incidental repairs and maintenance of business assets that do not add to the value or appreciably prolong its life 8000001A-1759942678 Telephone Expense Expense Telephone and long distance charges, faxing, and other fees Not equipment purchases 8000001B-1759942678 Travel Expense Expense Business-related travel expenses including airline tickets, taxi fares, hotel and other travel expenses 8000001C-1759942678 Utilities Expense Water, electricity, garbage, and other basic utilities expenses 8000001D-1759942678 Ask My Accountant OtherExpense Transactions to be discussed with accountant, consultant, or tax preparer