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1000 account #’s Assets

J&B. Chart of Accounts. 1000 account #’s Assets. Things you Own Cash, Inventory Building, property. 2000 account #’s Liabilities. Things you Owe Mortgage, bills, dues/fees to MI, Sales Tax, Payroll tax. Net Value of Unit What’s left after paying bills. 3000 account #’s Equity.

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1000 account #’s Assets

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  1. J&B Chart of Accounts 1000 account #’s Assets Things you Own Cash, Inventory Building, property 2000 account #’s Liabilities Things you Owe Mortgage, bills, dues/fees to MI, Sales Tax, Payroll tax Net Value of Unit What’s left after paying bills 3000 account #’s Equity 4000 account #’s Income Money you collect that belongs to you Sales, Dues, donations to the unit 5000 account #’s Expense Money you spend to operate your unit COGS, utilities, supplies, postage, printing

  2. Balance Sheet Things you Own Things you Owe Net Value

  3. Profit & Loss Money You Collect Money You Spend

  4. Balance Sheet Things you Own Things you Owe Net Value

  5. Profit & Loss Money You Collect Money You Spend

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