Merge pull request #369 from barredterra/patch-1

Fix account type formatting
This commit is contained in:
Nabin Hait
2018-12-31 12:42:46 +05:30
committed by GitHub

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@@ -122,17 +122,50 @@ scenario like Bank Account or a Tax Account and has no effect on the Chart
itself. itself.
Explanation of account types: Explanation of account types:
- **Bank:** The account group under which bank account will be created.
- **Cash:** The account group under which cash account will be created. * **Bank**
- **Cost of Goods Sold:** The account to book the accumulated total of all costs used to manufacture / purchase a product or service, sold by a company.
- **Depreciation:** The expense account to book the depreciation of the fixed assets. The account group under which bank account will be created.
- **Expenses Included In Valuation:** The account to book the expenses (apart from direct material costs) included in landed cost of an item/product, used in Perpetual Inventory, .
- **Fixed Asset:** The account to maintain the costs of fixed assets. * **Cash**
- **Payable:** The account which represents the amount owed by a company to its creditors.
- **Receivable:** The account which represents the amount owed by a company by its debtors. The account group under which cash account will be created.
- **Stock:** The account group under which the warehouse account will be created.
- **Stock Adjustment:** An expense account to book any adjustment entry of stock/inventory, and generally comes at the same level of Cost of Goods Sold. * **Cost of Goods Sold**
- **Stock Received But Not Billed:** A temporary liability account which holds the value of stock received but not billed yet and used in Perpetual Inventory.
The account to book the accumulated total of all costs used to manufacture / purchase a product or service, sold by a company.
* **Depreciation**
The expense account to book the depreciation of the fixed assets.
* **Expenses Included In Valuation**
The account to book the expenses (apart from direct material costs) included in landed cost of an item/product, used in Perpetual Inventory.
* **Fixed Asset**
The account to maintain the costs of fixed assets.
* **Payable**
The account which represents the amount owed by a company to its creditors.
* **Receivable**
The account which represents the amount owed to a company by its debtors.
* **Stock**
The account group under which the warehouse account will be created.
* **Stock Adjustment**
An expense account to book any adjustment entry of stock/inventory. Generally comes at the same level of Cost of Goods Sold.
* **Stock Received But Not Billed**
A temporary liability account which holds the value of stock received but not billed yet and used in Perpetual Inventory.
### Creating / Editing Accounts ### Creating / Editing Accounts
@@ -151,10 +184,10 @@ it is up to you to modify or add or remove accounts.
Typically, you might want to create Accounts for Typically, you might want to create Accounts for
* Types of Expenses (travel, salaries, telephone etc) under Expenses. * Travel, salaries, telephone, etc. under **Expenses**.
* Taxes (VAT, Sales Tax etc based on your country) under Current Liabilities. * Value Added Tax (VAT), Sales Tax, etc. under **Current Liabilities**.
* Types of Sales (for example, Product Sales, Service Sales etc.) under Income. * Product Sales, Service Sales, etc. under **Income**.
* Types of Assets (building, machinery, furniture etc.) under Fixed Assets. * Building, machinery, furniture, etc. under **Fixed Assets**.
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