HomeWorks Chart Of Accts.

The "Chart of Accounts" is just the name for the method used by accountants and computers to categorize and keep track of their transactions, and the losses or gains resulting from those transactions. Each category is given a number and name for this purpose.

The listing of these categories (called accounts) and their grouping is commonly referred to as the "Chart of Accounts".

Shown below is the "Default Chart of Accounts" you start using with HomeWorks. You can then customize it to fit your own personal needs. You can add, delete and change accounts, their groups and entire sets to whatever you desire.

Personal Accounts....................

Personal Assets
1001 Petty Cash #1
1009 Petty Cash #9
1021 Cash #1
1029 Cash #9
1041 Savings #1
1049 Savings #9
1061 Investments #1
1069 Investments #9
1101 Real Estate #1
1121 Automobile #1
1141 Home Furniture #1
1181 Home Appliances #1
1221 Home Entertainment Equip. #1
1251 Jewelry, Paintings, Valuables #1
1271 Home Decorations #1
1281 Personal Tools & Equipment #1

Credit Cards
1301 Visa #1
1321 Master Card #1
1341 Discover Card #1
1361 Department Store #1

Mortgages & Loans
1401 Home Mortgage #1
1411 Real Estate Mortgage #1
1431 Automobile Loan #1
1451 Personal Loans #1
1481 Other Loans #1

Monthly Services & Rentals
1501 Appartment Rental/Lease #1
1511 Property Rental/Lease #1
1521 Automobile Lease #1
1541 Electric Bill #1
1561 Water Bill #1
1581 Other Utilities #1
1601 Telephone #1 (Local Service)
1602 Telephone #2 (Long Distance)
1603 Telephone #3 (Wireless)
1604 Telephone #4 (Other)
1621 Internet Service #1
1631 Cable TV Service #1
1641 Satellite TV Service #1
1661 Lawn Care Service #1
1681 Other Contracted Services #1

Insurance
1701 Personal Insurance #1
1731 Home Owner's Insurance #1
1741 Property/Real Estate Insurance #1
1761 Automobile Insurance #1

Finance Expenses
1801 Bank Service Charges #1
1821 Mortgage Service Charges #1
1841 Overdraft Fees, Etc. #1
1861 Late Fees, Etc. #1

Legal Expenses
1901 Taxes, Tags, Licenses, Etc. #1
1921 Fines, Penalties, Etc. #1

Upkeep, Maintenance, Repairs
2001 Home Upkeep & Repairs #1
2021 Yard/Landscaping #1
2041 Appliance/Furniture Upkeep & Repairs #1
2061 Automobile Upkeep & Repairs #1
2081 Other Upkeep & Repairs #1

Medical Expenses
2101 Medical, Family
2102 Prescription Medicine, Family
2103 Over The Counter Medicine, Family
2111 Medical, Person #1
2112 Medicine, Over The Counter, Person #1
2113 Medicine, Prescription, Person #1
2115 Medical, Person #2
2116 Medicine, Over The Counter, Person #2
2117 Medicine, Prescription, Person #2
2199 Other Medical Expenses

Pet Care
2201 Veterinary #1
2221 Pet Grooming #1
2241 Other Pet Care

Supplies, Consumables
2301 Groceries #1
2311 Vitamins, Etc. #1
2321 Clothing #1
2341 Personal Items #1
2361 Home Supplies #1
2381 Mail/Postage #1
2401 Automobile Supplies #1
2421 Gas & Oil #1

School Expenses
2501 School Tuition #1
2521 School Fees #1
2541 School Supplies #1
2561 School Lunches #1
2581 School Uniforms #1

Donations, Tax Deductible
2601 Church Tithes #1
2611 Church Offerings, Gifts, Etc. #1
2621 Charity #1
2641 Donations #1

Donations, Not Tax Deductible
2701 Political Donations #1
2721 Other Donations (Not Deductible) #1

Leisure & Entertainment
2801 Family Home Entertainment (Books/Tapes/Etc)
2802 Family Home Entertainment, Software, Etc
2803 Family Subscriptions & Publications, Etc
2804 Family Home Hobbies, Etc
2805 Family Home Parties, Etc
2811 Family Night Out (Movies, Dine Out, Etc.)
2812 Family Outing (Boating, Flying, Etc.)
2813 Family Travel, Vacations, Etc.
2821 Person #1 Toys/Gifts, Books, Etc.
2822 Person #1 Software, Games, Etc.
2823 Person #1 Subscriptions, Publications, Etc.)
2824 Person #1 Hobbies, Etc.
2825 Person #1 Movies, Concerts, Etc.
2826 Person #1 Sports activities, Etc.
2827 Person #1 Dine Out, Etc.
2828 Person #1 Dates, Etc.
2829 Person #1 Weekly Allowance, Etc.
2831 Person #2...
2841 Person #3...
2851 Person #4...

Personal Income
3001 Paycheck/Wages #1
3002 Paycheck/Wages #2
3009 Paycheck/Wages #9
3021 State Unemployment #1
3031 Interest Income #1
3051 Dividends Income #1
3061 Rental Income #1
3081 Other Misc. Income #1
3091 Insurance Claims #1

Business Accounts....................

Current Assets
101 Petty Cash
102 Cash
103 Accounts Receivable
106 Notes Receivable
109 Interest Receivable
112 Merchandise Inventory
115 Raw Materials Inventory
118 Finished Goods Inventory
121 Prepaid Insurance
124 Deposits
127 Deferred/Prepaid Expenses
130 (Allowance For Bad Debts)
133 (Purchase Returns & Allowances)

Fixed Assets
151 Real Estate, Land
152 Real Estate, Buildings
153 Automotive Equipment
154 Delivery Equipment
155 Machinery & Equipment
156 Appliances
157 Furniture
158 Engineering Equipment
159 Training Equipment
160 Office Equipment
161 Store Equipment
162 Sales Equipment

Accumulated Depreciation
171 Accumulated Depreciation, Land
172 Accumulated Depreciation, Buildings
173 Accumulated Depreciation, Automotive Equip.
174 Accumulated Depreciation, Delivery Equip.
175 Accumulated Depreciation, Machinery & Equip.
176 Accumulated Depreciation, Appliances
177 Accumulated Depreciation, Furniture
178 Accumulated Depreciation, Engineering Equip.
179 Accumulated Depreciation, Training Equipment
180 Accumulated Depreciation, Office Equipment
181 Accumulated Depreciation, Store Equipment
182 Accumulated Depreciation, Sales Equipment

Current Liabilities
201 Accounts Payable
202 Notes Payable
203 Interest Payable
204 Commisions Payable
205 Bonuses Payable
206 Payroll/Wages Payable
207 Salaries Payable
210 Payroll Taxes Payable
211 State Sales Taxes Payable
212 Other Taxes Payable
213 Fines/Penalties Payable

Fixed Liabilities
251 Mortgages Payable
252 Installments Payable
253 Other Loans Payable

Equity
295 Political Donations
296 Other Donations, Not Tax Deductible
297 Drawing Account
298 Capital
299 Profit & Loss Summary

Income
301 Sales
302 Commissions/Bonuses Income
303 Services Income
304 Rental Income
305 Interest Income
306 Other Misc. Income
310 Purchase Discounts
311 (Sales Returns & Allowances)
312 (Sales Discounts)
313 (Deferred Income)

Operating Expenses
401 Casual Labor
402 Contract Labor
403 Payroll/Wages Expense (Direct Labor)
404 Sales Commission
406 Misc. Consulting Fees
408 Engineering Consulting Fees
410 Freight In
411 Freight Out
412 Raw Materials
413 Goods In Process Inventory
414 Cost Of Goods Manufactured (Summary Acct)
416 Merchandise Purchases
420 Shop Supplies
422 Shop Tools
430 Engineering Supplies
432 Engineering Tools
434 Engineering Software
436 Technical Books & Publications
438 Technical Dues & Subscriptions
440 Research Expenses
442 Training Aids
450 Equipment Rental
452 Real Estate Rental
454 Land Rental
456 Building Rental
458 Utilities
460 Electric
462 Machinery & Equipment Repairs
464 Automotive Maint.& Repairs
466 Gas & Oil
468 Mileage
470 Travel Expenses
472 Depreciation Expense
496 Bad Debts Expense
498 Misc. Operating Expenses

Admin. Expenses (G & A)
501 Office Supplies
502 Office Services
504 Office Maint. & Repairs
506 Office Space Rental
508 Rental Expense, Other
510 Salaries Expense (Indirect Labor)
512 Dues & Subscriptions
514 Software, Office Use
516 Parking Fees
518 Accounting Fees
520 Attorney Fees
522 Licenses, Permits, Legal Fees
524 State Sales Tax Expense
530 Fines/Penalties, Etc.
532 Insurance
534 Postage
536 Telephone & Telegraph
538 TeleCommunications, Other
540 Entertainment Expense
542 Proposal & Conference Expense
544 Sales Promotion & Advertising
596 Donations
598 Misc. Admin. Expenses

Finance Expenses
601 Bank Service Charges
604 Documentation Stamps & Related
606 Interest On Accounts Payable
608 Interest On Notes
610 Interest On Mortgages
612 Interest On Installments
614 Interest On Other Loans

The Default Chart of Accounts

Personal Accounts....................

Business Accounts....................