Lesson 31-- Accounts
This lesson covers Goldenseal Accounts. Goldenseal accounting software uses accounts for customers, employees, bank accounts, and other "real world" people, businesses and financial entities.
NOTE-- For intangible items like Accounts Payable and Accounts Receivable, Goldenseal uses Utility Accounts. For tracking expenses, you don't need accounts at all since you can use Cost Categories or Cost Locations.
Job accounts consume expenses, and generate income (either directly or indirectly). When you track job costs, you'll assign every expense to a job account.
There are three classes of job accounts:
Use Overhead accounts to track expenses that you can't assign to a specific customer or project.
You only need one overhead account, but you can create more if you'd like to track different types of overhead separately.
To create a new overhead account, follow these steps:
Using Overhead Accounts
When you enter expenses that you can't assign to a specific customer or project, enter an overhead account into the Job field.
When you do large projects for use by your own company, create a Project account and assign it to an overhead account.
Next-- Asset Accounts