Re: Jargon and codes

[Dieter S. <dsi...@sq...>]

In Canada and US you are free to choose the account numbers and
description to best describe your business. The Default chart of account
is basically a bare bones chart of accounts.


Dieter Simader    http://www.sql-ledger.org   (780) 472-8161
DWS Systems Inc.     Accounting Software       Fax: 478-5281
=========== On a clear disk you can seek forever ===========

On Mon, 20 Aug 2001, Anders Wallenquist wrote:

> Gordon Haverland wrote:
> 
> >A couple of questions.
> >
> >1) Is there a link (reference) to all the jargon used in SQL-Ledger?
> >   I assume this is accounting jargon, and not SQL-Ledger specific.
> >   For example, COGS.
> >
> I don't know if there is a reference of termes used in SQL-ledger. I 
> think a reference could sort things out, especially for us not used of 
> american/canadian (?) accouting. But COGS is a common accounting term 
> that is spelled out: Cost Of Goods Sold.
> 
> >
> >
> >2) Most of what my company is going to sell can be called consulting,
> >   and probably most of my expenses will be things like office
> >   supplies.  I know consulting has a code, and I would be surprise
> >   if office supplies didn't have a code (or two).  But how does one
> >   go about finding or picking a code for something else?  I have a
> >   couple of minor revenue streams, one where I will pass on costs
> >   (plus a markup) for registering an IP domain and another for passing
> >   on monthly rents on a IP domain (web site).  To me, this doesn't
> >   really seem like codes 1530/4030/5030.
> >
> There is a accounting standards board for every country, that gives us 
> some differences in accounting principles. You have to check out what 
> conventions there is for the authorities that you are reporting to. (or 
> give us some hint where in the world you are :-)
> 
> regards
> Anders Wallenquist
> 
> 
>