Re: Jargon and codes

[Kal K. <lan...@cy...>]

A fairly good tutorial on accounting can be found here
http://www.onlinewbc.org/Docs/finance/bkpg_acct.html#intro

Lando

Dieter Simader wrote:

> 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
> >
> >
> >