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Detailed accounts classes

StatuscolourYellowtitlework in progress

 

Overview

Class Expense

ClassTypeSub TypeExpenseExpenseTravel  Advertisingpromotional  Baddebts  Bankcharges  Charitablecontributions  Entertainment  Entertainmentmeals  Equipmentrental  Globaltaxexpense  Insurance  Interestpaid  Legalprofessionalfees  Officegeneraladministrativeexpenses  Othermiscellaneousservicecost  Promotionalmeals  Rentorleaseofbuildings  Repairmaintenance  Shippingfreightdelivery  Suppliesmaterials  Travelmeals  Utilities  Auto  Costoflabor  Duessubscriptions  Payrollexpenses  Taxespaid OtherexpenseDepreciation  Exchangegainorloss  Othermiscellaneousexpense  Penaltiessettlements  Amortization CostofgoodssoldCostoflaborcos  Equipmentrentalcos  Othercostsofservicecos  Shippingfreightdeliverycos  Suppliesmaterialscogs SuperannuationexpenseSuperannuationexpense WagesexpenseWagesexpense

 

 

See it in Quickbooks

This widget presents the current balances of all accounts classes (Asset, Liability, Equity, Expenses, Revenue), as well as the accounts' balances, ordered by classes.

Calculation

The classification used on the widget remains the same and widget does not depend on the accounting package chosen; it is given bellow. Nevertheless, a class only appears on the widget if an account has been created in this class.

For each account's class, the balance displayed is the sum of accounts' balances belonging to this class.

 

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Accounts classification

 

 

Class Asset

ClassTypeSub TypeAssetBankCashonhand  Checking  Moneymarket  Rentsheldintrust  Savings  Trustaccounts OthercurrentassetEmployeecashadvances  Allowanceforbaddebts  Developmentcosts  Othercurrentassets  Inventory  Loanstoofficers  Investment_Mortgagerealestateloans  Investment_Other  Investment_Taxexemptsecurities  Investment_Usgovernmentobligations  Loanstoothers  Loanstostockholders  Prepaidexpenses  Retainage  Undepositedfunds FixedassetFurnitureandfixtures  Accumulateddepletion  Accumulateddepreciation  Depletableassets  Land  Leaseholdimprovements  Otherfixedassets  Accumulatedamortization  Buildings  Intangibleassets  Machineryandequipment  Vehicles OtherassetLicenses  Leasebuyout  Otherlongtermassets  Securitydeposits  Accumulatedamortizationofotherassets  Goodwill  Organizationalcosts AccountsreceivableAccountsreceivable

Classes Liability and Equity

ClassTypeSub TypeLiabilityAccountspayableAccountspayable CreditcardCreditcard LongtermliabilityNotespayable  Otherlongtermliabilities  Shareholdernotespayable OthercurrentliabilityOthercurrentliabilities  Directdepositpayable  Lineofcredit  Loanpayable  Globaltaxpayable  Globaltaxsuspense  Payrollclearing  Payrolltaxpayable  Prepaidexpensespayable  Rentsintrustliability  Trustaccountsliabilities  Federalincometaxpayable  Insurancepayable  Salestaxpayable  Statelocalincometaxpayable PaygliabilityPaygliability SuperannuationliabilitySuperannuationliability WagespayableliabilityWagespayableliabilityEquityEquityOwnersequity  Partnersequity  Retainedearnings  Accumulatedadjustment  Paidincapitalorsurplus  Partnercontributions  Partnerdistributions  Preferredstock  Commonstock  Treasurystock  Openingbalanceequity

Class Revenue

ClassTypeSub TypeRevenueIncomeOtherprimaryincome  Nonprofitincome  Salesofproductincome  Servicefeeincome  Discountsrefundsgiven OtherincomeOtherinvestmentincome  Dividendincome  Interestearned  Othermiscellaneousincome  Taxexemptinterest   

For each account's class, a click on "+" details the account's current balances belonging to the class.

 

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See it in QuickBooks

To see the equivalent report on QuickbooksQuickBooks, go to >Reports then search for >Accounts List.

Account>

You will be able to customize your report (>Customise):

  • Sort By>Detail type : corresponds to the widget's detailed classification

    • >Account>"All Asset Accounts" or >"All Liability Account", etc.

    :

    This setting corresponds to the widget's major classification (Asset, Liability, Equity, Revenue and Expense).

    Noticeable differences with the Impac! widget

    The balances of accounts in the Quickbooks QuickBooks report are not summed to create a class' or type's balance.

    Image Modified

    All Liability Account, sort by detail type

     

    Accounts

     

    See it in Xero

    To see the equivalent report information on Xero, go to >Settings>Chart of Accounts.

    You will then be able to choose the class you want to look at: >Asset, >Liabilities, etc.

    Noticeable differences with the Impac! widget

    • The balances of accounts in the Quickbooks report Xero are not summed to create a class' or type's balance

      The detailed classification used for the widget is different from the classification used in Xero, as follow

       

      Xero account typeWidget detailed classification  
     
    • balance
    • Debit-Accounts balances are displayed negative in the widget but positive in Xero

    Image Added

    All Asset Accounts