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Chart of Accounts Complete List With Descriptions (For Quickbooks Desktop)

This document provides examples of accounts that can be included in a chart of accounts for tracking costs of goods sold and business expenses in QuickBooks. It lists over 30 specific expense and cost categories across industries like construction, retail, services, and farming. It also mentions that a more complete chart of accounts can be purchased separately for importing into a QuickBooks file to easily set up the accounting system.

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vaddana haisocheat
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351 views4 pages

Chart of Accounts Complete List With Descriptions (For Quickbooks Desktop)

This document provides examples of accounts that can be included in a chart of accounts for tracking costs of goods sold and business expenses in QuickBooks. It lists over 30 specific expense and cost categories across industries like construction, retail, services, and farming. It also mentions that a more complete chart of accounts can be purchased separately for importing into a QuickBooks file to easily set up the accounting system.

Uploaded by

vaddana haisocheat
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as XLSX, PDF, TXT or read online on Scribd
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Chart of Accounts Complete list with Descripti

By Hector Garcia On August 17, 2016 ·


/29/2020

Some examples listed here for Cost of Goods Sold and Expense Accounts. You can also download spreadsheet with all the

Also, I have an “Ultimate Chart of Accounts for QuickBooks” that i sell for $48 and you can import easily into your own Qu

Cost of Goods Sold Accounts:

Blueprints and Reproduction: Blueprints, photostats, and other printing expense


Bond Expense: Construction bonds expenses directly related to jobs
Construction Materials Costs: Construction materials costs
Contracted Services: Direct labor costs for contract (non-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 delivery 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: Cost of materials used on jobs
Media Purchased for Clients: Print, TV, radio, and other media purchased for clients
Merchant Account Fees: Credit card merchant account discount fees, transaction fees, and related costs
Other Construction Costs: Other costs directly related to jobs such as waste 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 use on customer repairs or resale
Purchases – Hardware for Resale: Purchases of hardware items for resale that are not tracked or counted in inv
Purchases – Resale Items: Purchases of items for resale that are not tracked or counted in inventory
Purchases – Software for Resale: Purchases of software items for resale that are not tracked or counted in inven
Subcontracted Services: Subcontracted services for customer service orders
Subcontractors Expense: Subcontracted services performed by other contractors
Tools and Small Equipment: Purchases of tools or small equipment used on jobs
Worker’s Compensation Insurance: Worker’s compensation insurance premiums

Expense Accounts:

Advertising 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 automobile maintenance for business autos
Bank Service Charges: Bank account service fees, bad check charges and other bank fees
Business Licenses and Permits: Business licenses, permits, and other business-related fees
Car and Truck Expenses: Fuel, oil, repairs, and other car and truck maintenance
Chemicals Purchased: Costs of chemicals used in farming operations
Computer and Internet Expenses: Computer supplies, off-the-shelf software, online fees, and other computer or
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 civic, 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 machinery
Insurance Expense: Insurance expenses
Insurance Expense: General Liability Insurance: General liability insurance premiums
Insurance Expense: Life and Disability Insurance: Employee life and disability insurance premiums
Insurance Expense: Professional Liability: Professional liability (errors and omissions) insurance
Insurance Expense: Workers Compensation: Worker’s 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 Entertainment: Business meals and entertainment expenses, including travel-related meals (may hav
Office Supplies: Office supplies expense
Payroll Expenses: Payroll expenses
Postage and Delivery: Postage, courier, and pickup and delivery services
Printing and Reproduction: Printing, 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 do not add to the value or
Research Services: Research costs including legal library and subscriptions for research services
Salon Supplies, Linens, Laundry: Costs of supplies used in the course of business (includes linens and laundry s
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 as fixed assets
Storage and Warehousing: Amounts paid to store farm commodities.
Taxes – Property: Taxes paid on property owned by the business, franchise taxes, excise taxes, etc.
Telephone Expense: Telephone and long distance charges, faxing, and other fees Not equipment purchases
Travel Expense: Business-related travel expenses including airline tickets, taxi fares, hotel and other travel expe
Uniforms: Uniforms for employees and contractors
Utilities: Water, electricity, garbage, and other basic utilities expenses
h Descriptions (for QuickBooks Desktop)

d spreadsheet with all the accounts- here

rt easily into your own QuickBooks File!

s for clients

and related costs


nsite storage rental, etc.
site storage rental, etc.

racked or counted in inventory


in inventory
cked or counted in inventory

al expenses

, and other computer or internet related expenses


including travel

onal, trade organizations


usiness debt

enance costs
nses for our company
related meals (may have limited deductibility)

o not add to the value or appreciably prolong its life

des linens and laundry services)

aning supplies, etc.)

e taxes, etc.
quipment purchases
el and other travel expenses

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