Accounts Menu Commands

The Accounts menu shows you records for four groups of accounts:

Job Accounts-- For sources of income.
Asset Accounts-- For money and tangible items that you own.
Liability Accounts -- For debts that you owe.
Cost Accounts-- For expenses.

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.