LSWG
Headquarters
201 Thomas Johnson Drive
Frederick, MD 21702-5166
301-662-9200


Linton Shafer Warfield & Garrett, P.A. are members of:
AICPA
MACPA
INPACT Americas
 
Charts of Accounts

Business transactions should be recorded (grouped) and totaled according to the following list (may be modified for different types of businesses).

Current Assets

1000 Cash Checking Account
1050 Cash Savings Account
1070 Petty Cash
1100 Accounts Receivable
1120 Notes Receivable
1130 Accts Receivable Other
1140 Loans Receivable Employees
1150 Travel Allowance
1190 Allowance For Doubtful Accts
1200 Inventory
1210 Inventory Raw Material
1230 Inventory Work In Progress
1250 Inventory Finished Goods
1300 Prepaid Expenses
1320 Prepaid Taxes
1350 Deposits

Fixed Assets

1400 Land
1410 Land Improvements
1420 Buildings
1440 Machinery & Equipment
1460 Autos & Trucks
1480 Furniture & Fixtures
1490 Leasehold Improvements
1500 Accumulated Depreciation

Other Assets

1600 Other Assets

Current Liabilities

Current Liabilities
2000 Accounts Payable
2100 Salary & Wages Payable
2110 Commissions Payable
2200 Accrued Liabilities
2300 Payroll Taxes Payable
2400 Sales Tax Payable
2450 Property Tax Payable
2500 State Tax Payable
2510 Federal Tax Payable
2600 Notes Payable

Long Term Liabilities

2700 Notes Payable Long Term
2750 Mortgages Payable

Stockholders' Equity

3000 Common Stock
3010 Treasury Stock
3050 Paid In Surplus
3100 Retained Earnings

Revenue

4000 Sales
4500 Returns & Allowances

Cost of Sales

5000 Direct Labor
5100 Subcontracts
5500 Purchases
5600 Overhead applied
5900 Inventory Adjustment

Administrative Expenses

Salary Office
6070 Salary Sales
6090 Salary Executive
6100 Contract Labor & Commissions
6150 Vacation Pay
6200 Production Supplies
6220 Office Supplies
6230 Small Tools & Equipment
6240 Dues & Subscriptions
6250 Freight & Postage
6260 Rent
6270 Equipment Rental
6300 Repairs & Maintenance
6350 Outside Services
6370 Auto & Truck Rental
6390 Utilities
6400 Telephone
6420 Laundry
6450 Depreciation
6460 Amortization
6500 Insurance
6520 Property Taxes
6530 Payroll Taxes
6550 Miscellaneous Taxes & Licenses
6600 Advertising
6620 Entertainment & Promotion
6640 Travel & Lodging
6650 Meals
6700 Miscellaneous
6710 Contributions
6750 Interest
6770 Bad Debts
6800 Cash Short (Over)
7000 Provision For Income Tax

Other Income

8001 Interest Income
8005 Miscellaneous Income

 

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