Detailed accounts classes
WORK IN PROGRESS
Overview
This widget presents the current balances of all accounts classes.
Calculation
The classification used on the widget remains the same and 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.
Accounts classification
Class Asset
| Class | Type | Sub Type |
|---|---|---|
| Asset | Bank | Cashonhand |
| Checking | ||
| Moneymarket | ||
| Rentsheldintrust | ||
| Savings | ||
| Trustaccounts | ||
| Othercurrentasset | Employeecashadvances | |
| Allowanceforbaddebts | ||
| Developmentcosts | ||
| Othercurrentassets | ||
| Inventory | ||
| Loanstoofficers | ||
| Investment_Mortgagerealestateloans | ||
| Investment_Other | ||
| Investment_Taxexemptsecurities | ||
| Investment_Usgovernmentobligations | ||
| Loanstoothers | ||
| Loanstostockholders | ||
| Prepaidexpenses | ||
| Retainage | ||
| Undepositedfunds | ||
| Fixedasset | Furnitureandfixtures | |
| Accumulateddepletion | ||
| Accumulateddepreciation | ||
| Depletableassets | ||
| Land | ||
| Leaseholdimprovements | ||
| Otherfixedassets | ||
| Accumulatedamortization | ||
| Buildings | ||
| Intangibleassets | ||
| Machineryandequipment | ||
| Vehicles | ||
| Otherasset | Licenses | |
| Leasebuyout | ||
| Otherlongtermassets | ||
| Securitydeposits | ||
| Accumulatedamortizationofotherassets | ||
| Goodwill | ||
| Organizationalcosts | ||
| Accountsreceivable | Accountsreceivable |
Classes Liability and Equity
| Class | Type | Sub Type |
|---|---|---|
| Liability | Accountspayable | Accountspayable |
| Creditcard | Creditcard | |
| Longtermliability | Notespayable | |
| Otherlongtermliabilities | ||
| Shareholdernotespayable | ||
| Othercurrentliability | Othercurrentliabilities | |
| Directdepositpayable | ||
| Lineofcredit | ||
| Loanpayable | ||
| Globaltaxpayable | ||
| Globaltaxsuspense | ||
| Payrollclearing | ||
| Payrolltaxpayable | ||
| Prepaidexpensespayable | ||
| Rentsintrustliability | ||
| Trustaccountsliabilities | ||
| Federalincometaxpayable | ||
| Insurancepayable | ||
| Salestaxpayable | ||
| Statelocalincometaxpayable | ||
| Paygliability | Paygliability | |
| Superannuationliability | Superannuationliability | |
| Wagespayableliability | Wagespayableliability | |
| Equity | Equity | Ownersequity |
| Partnersequity | ||
| Retainedearnings | ||
| Accumulatedadjustment | ||
| Paidincapitalorsurplus | ||
| Partnercontributions | ||
| Partnerdistributions | ||
| Preferredstock | ||
| Commonstock | ||
| Treasurystock | ||
| Openingbalanceequity |
Class Revenue
| Class | Type | Sub Type |
|---|---|---|
| Revenue | Income | Otherprimaryincome |
| Nonprofitincome | ||
| Salesofproductincome | ||
| Servicefeeincome | ||
| Discountsrefundsgiven | ||
| Otherincome | Otherinvestmentincome | |
| Dividendincome | ||
| Interestearned | ||
| Othermiscellaneousincome | ||
| Taxexemptinterest | ||
Class Expense
| Class | Type | Sub Type |
|---|---|---|
| Expense | Expense | Travel |
| 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 | ||
| Otherexpense | Depreciation | |
| Exchangegainorloss | ||
| Othermiscellaneousexpense | ||
| Penaltiessettlements | ||
| Amortization | ||
| Costofgoodssold | Costoflaborcos | |
| Equipmentrentalcos | ||
| Othercostsofservicecos | ||
| Shippingfreightdeliverycos | ||
| Suppliesmaterialscogs | ||
| Superannuationexpense | Superannuationexpense | |
| Wagesexpense | Wagesexpense |
See it in Quickbooks
To see the equivalent report on Quickbooks, go to >Reports then search for Accounts List.
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. : 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 report are not summed to create a class' or type's balance
All Liability Account, sort by detail type
See it in Xero
To see the equivalent report on Xero, go to
Noticeable differences with the Impac! widget
- The balances of accounts in the Quickbooks report 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 type Widget detailed classification