8/6/2025 9:29:23 PM 80000025-1754515544 Inventory Asset OtherCurrentAsset Costs of inventory purchased for resale 80000005-1754515450 Accumulated Depreciation FixedAsset Accumulated depreciation on equipment, buildings and improvements 80000004-1754515450 Furniture and Equipment FixedAsset Furniture and equipment with useful life exceeding one year 80000023-1754515459 Payroll Liabilities OtherCurrentLiability Unpaid payroll liabilities. Amounts withheld or accrued, but not yet paid 80000024-1754515493 Sales Tax Payable OtherCurrentLiability Unpaid sales taxes. Amounts charged on sales, but not yet paid to the government 80000003-1754515450 Opening Balance Equity Equity Opening balances during setup post to this account. The balance of this account should be zero after completing your setup 80000020-1754515450 Owners Draw Equity Monies taken out of the business by the owner 80000021-1754515450 Owners Equity Equity Monies invested in the business by the owner, and profits kept in company accounts 80000006-1754515450 Consulting Income Income Sales of consulting services 80000007-1754515450 Sales - Hardware Income Sales of computer hardware, peripherals, and related technology 80000008-1754515450 Sales - Software Income Sales of computer software 80000009-1754515450 Sales - Support and Maintenance Income Sales of support services and maintenance contracts 8000000A-1754515450 Shipping and Delivery Income Income Shipping charges charged to customers 80000026-1754515544 Cost of Goods Sold CostOfGoodsSold Costs of items purchased and then sold to customers 8000000B-1754515450 Freight and Shipping Costs CostOfGoodsSold Freight-in and shipping costs for delivery to customers 8000000C-1754515450 Merchant Account Fees CostOfGoodsSold Credit card merchant account discount fees, transaction fees, and related costs 8000000D-1754515450 Purchases - Hardware for Resale CostOfGoodsSold Purchases of hardware items for resale that are not tracked or counted in inventory 8000000E-1754515450 Purchases - Software for Resale CostOfGoodsSold Purchases of software items for resale that are not tracked or counted in inventory 8000000F-1754515450 Advertising and Promotion Expense Advertising, marketing, graphic design, and other promotional expenses 80000010-1754515450 Automobile Expense Expense Fuel, oil, repairs, and other automobile maintenance for business autos 80000011-1754515450 Bank Service Charges Expense Bank account service fees, bad check charges and other bank fees 80000012-1754515450 Computer and Internet Expenses Expense Computer supplies, off-the-shelf software, online fees, and other computer or internet related expenses 80000013-1754515450 Continuing Education Expense Seminars, educational expenses and employee development, not including travel 80000014-1754515450 Depreciation Expense Expense Depreciation on equipment, buildings and improvements 80000015-1754515450 Dues and Subscriptions Expense Subscriptions and membership dues for civic, service, professional, trade organizations 80000016-1754515450 Insurance Expense Expense Insurance expenses 80000017-1754515450 Interest Expense Expense Interest payments on business loans, credit card balances, or other business debt 80000018-1754515450 Meals and Entertainment Expense Business meals and entertainment expenses, including travel-related meals (may have limited deductibility) 80000019-1754515450 Office Supplies Expense Office supplies expense 80000022-1754515459 Payroll Expenses Expense Payroll expenses 8000001A-1754515450 Professional Fees Expense Payments to accounting professionals and attorneys for accounting or legal services 8000001B-1754515450 Rent Expense Expense Rent paid for company offices or other structures used in the business 8000001C-1754515450 Telephone Expense Expense Telephone and long distance charges, faxing, and other fees Not equipment purchases 8000001D-1754515450 Travel Expense Expense Business-related travel expenses including airline tickets, taxi fares, hotel and other travel expenses 8000001E-1754515450 Utilities Expense Water, electricity, garbage, and other basic utilities expenses 8000001F-1754515450 Ask My Accountant OtherExpense Transactions to be discussed with accountant, consultant, or tax preparer