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The Accounts menu shows you records for four groups of accounts:
HINT--
Goldenseal also includes pre-set Utility Accounts that handle intangible "accounting"
amounts such as accounts payable.
Job Accounts-- You can open windows for any of the following:
Customers-- people
or businesses that you provide with goods or services.
Overhead--
for general expenses that can't be applied to a specific customer or project.
Projects-- jobs
that you do for customers or for your own company.
Asset Accounts-- You can open windows for any of the following:
Cash-- petty cash, cash registers and other currency or negotiable items.
Checking-- bank accounts with sequential check numbers.
Inventory-- goods that you keep for resale or for use in projects.
Investments-- any asset that doesn't fit into one of the other asset categories.
Real Estate-- buildings or other real property that you own or manage.
Savings-- bank accounts that don't have sequential check numbers.
Liability Accounts-- You can open windows for
any of the following:
Credit Cards-- credit cards that allow you to owe money (see
also debit cards).
Escrows-- money that you don't own, but that you manage for others.
Loans-- any debts that are not credit cards.
Owner Equity-- ownership shares in the business.
Cost Accounts-- You can open windows for any of the following:
Equipment-- vehicles, tools, machinery and similar items (also listed as an asset account).
Employees-- people on your payroll.
Material Suppliers-- suppliers of materials for resale or for use in projects.
Subcontractors-- people or businesses that provide services to you.
Other Costs-- cost accounts that are not materials or subcontractors.
HINT-- Some versions of the Goldenseal software do not include all of these accounts.
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