Re: code like AR_amount etc

[Rob R. <ri...@me...>]

On 18 Feb 2002, Jonny Birkelund wrote:

I'm just guessing and coming from a USA perspective.

> = AR_amount
  AR = accounts receivable
  amount = amount charged to "Accounts Receivable" general ledger account
> = AR_paid
  money received which defrays above
> = AR_tax
  tax amount to be collected going into "Accrued Sales tax" gen. ledger acct.
> = AP_amount
  AP = accounts payable
  amount = amount charged to "Accounts Payable" g/l account
> = AP_paid
  like ar but to ap
> = AP_tax
  ditto
> = IC_sale
  IC = Inventory Control
  sale = value (selling price) of goods sold
> = IC_cogs
  cogs = Cost of goods sold
  Naively this is what you paid for the material being sold.  But there
  are different says of determining cost.  Average cost, first-in/first-out,
  last-in/first-out, itemized.
> = IC_taxpart
  This may be an account where to charge accrued sales tax.
> = IC_income
  IC_income = sales income -- like IC_sales but this is a 
  income statement account
> = IC_expense
  IC_expense = like IC_cogs but a income statement account
> = IC_taxservice
   IC_taxservice  ? I don't know.  This may be an accrual account for sales
taxes collected on services rendered.

rob                     Live the dream.