Templates Accounting Business without VAT/Sales Tax USA
Double entry Accounting for company | USA | Account numbers
In this article
Double entry Accounting for company | USA | Account numbers
Double entry Accounting for company | USA | Account numbers
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Run Banana Accounting Plus on your browser without any installation. Customize the template, enter the transactions and save the file on your computer.
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Starter Company
Basic Currency: USD
Double-entry
| Group | Account | Description | Sum In | Gr1 |
|---|---|---|---|---|
| BALANCE SHEET | ||||
| ASSETS | ||||
| 11200 | Bank Account USD | 12 | ||
| 11201 | Bank Account CAD | 12 | ||
| 11202 | Bank Account EUR | 12 | ||
| 11300 | Petty Cash | 12 | ||
| 120 | Accounts Receivable | 12 | 1 | |
| 12200 | Allowance for Bad Debts | 12 | ||
| 12400 | Accounts Receivable - Other | 12 | ||
| 12500 | Due from Shareholder | 12 | ||
| 12600 | Due from Employees | 12 | ||
| 12700 | Investments | 12 | ||
| 12800 | Income Taxes Recoverable | 12 | ||
| 12850 | Sales Taxes Recoverable | 12 | ||
| 13000 | Inventory | 12 | ||
| 14000 | Prepaid Expenses | 12 | ||
| 14100 | Prepaid Deposits | 12 | ||
| 12 | Total Current Assets | 100 | ||
| 15110 | Furniture and Equipment | 15 | ||
| 15120 | Furn. & Equip. - Acc. Am. | 15 | ||
| 15210 | Computer Equipment | 15 | ||
| 15220 | Computer Equip. - Acc. Am. | 15 | ||
| 15310 | Vehicle | 15 | ||
| 15320 | Vehicle - Acc. Am. | 15 | ||
| 15 | Total Long Term Assets | 100 | ||
| 100 | TOTAL ASSETS | 00 | 1 | |
| LIABILITIES & EQUITY | ||||
| LIABILITIES | ||||
| 220 | Accounts Payable | 22 | 1 | |
| 22200 | Accrued Liabilities | 22 | ||
| 22300 | Accounts Payable - Other | 22 | ||
| 22400 | Visa payable | 22 | ||
| 23500 | Sales tax payable | 22 | ||
| 23510 | Sales Tax automatic | 22 | ||
| 23800 | Accrued Payroll | 22 | ||
| 23900 | Source Deductions Payable | 22 | ||
| 24000 | Corporate Tax Payable - Fed. | 22 | ||
| 24100 | Corporate Tax Payable - Prov. | 22 | ||
| 25300 | Line of Credit | 22 | ||
| 25400 | Due to Shareholder | 22 | ||
| 25900 | Current Portion of Debt - ST | 22 | ||
| 22 | Total Current Liabilities | 2 | ||
| 26200 | Term Loan | 26 | ||
| 26300 | Current Portion of Debt - LT | 26 | ||
| 26 | Total Long Term Liabilities | 2 | ||
| 2 | Total Liabilities | 2-3 | ||
| EQUITY | ||||
| 31000 | Common Shares | 3 | ||
| 38000 | Retained Earnings | 3 | ||
| 3800 | (Profit)/Loss for the period | 3 | 1 | |
| 39000 | Dividends | 3 | ||
| 3 | Total Equity | 2-3 | ||
| 2-3 | TOTAL LIABILITIES & EQUITY | 00 | 1 | |
| INCOME STATEMENT | ||||
| REVENUE | ||||
| 41100 | Sales | 4 | ||
| 41900 | Other Income | 4 | ||
| 44000 | Exchange Gain/Loss | 4 | ||
| 4 | TOTAL REVENUE | L01 | 1 | |
| COST OF SALES | ||||
| 51100 | Inventory - Opening | 5 | ||
| 51200 | Purchases | 5 | ||
| 52000 | Freight | 5 | ||
| 52200 | Inventory - Closing | 5 | ||
| 52300 | Direct Materials | 5 | ||
| 52400 | Subcontractors | 5 | ||
| 55100 | Salaries and Wages | 5 | ||
| 55200 | CPP Expense | 5 | ||
| 55300 | EI Expense | 5 | ||
| 55400 | WSIB Expense | 5 | ||
| 55500 | Benefit Plan | 5 | ||
| 55600 | EHT Premiums | 5 | ||
| 5 | Total COST OF SALES | L01 | ||
| L01 | GROSS MARGIN | L02 | 1 | |
| EXPENSES | ||||
| 61050 | Accounting | 6 | ||
| 61100 | Advertising & Marketing | 6 | ||
| 61200 | Amortization | 6 | ||
| 61400 | Bad Debts | 6 | ||
| 61500 | Bank Charges & Interest | 6 | ||
| 61550 | Business Tax & Licences | 6 | ||
| 61600 | Courier | 6 | ||
| 61620 | Computing expenses | 6 | ||
| 61650 | Consulting Fees | 6 | ||
| 61700 | Dues & Subscriptions | 6 | ||
| 61800 | Education & Training | 6 | ||
| 61900 | Equipment Rental | 6 | ||
| 62000 | Insurance | 6 | ||
| 62100 | Interest on Debt | 6 | ||
| 62200 | Legal Fees | 6 | ||
| 62250 | Management Salaries | 6 | ||
| 62300 | Meals & Entertainment | 6 | ||
| 62400 | Miscellaneous | 6 | ||
| 62500 | Office Supplies | 6 | ||
| 62600 | Rent | 6 | ||
| 62700 | Repairs & Maintenance | 6 | ||
| 63100 | Supplies | 6 | ||
| 63200 | Telephone & Internet | 6 | ||
| 63300 | Travel & Parking | 6 | ||
| 63400 | Utilities | 6 | ||
| 63500 | Vehicle Expenses | 6 | ||
| 6 | Total EXPENSES | L02 | 1 | |
| L02 | Income Before Income Taxes | L03 | ||
| 90000 | Income Tax Provision | 9 | ||
| 9 | Total Income Taxes | L03 | 1 | |
| L03 | NET (INCOME)/LOSS | 3800 | 1 | |
| 00 | Total Debit/Credit Balance should be 0 | |||
| Customers/Debtors | ||||
| C0001 | Customer A | 120A | ||
| C0002 | Customer B | 120A | ||
| C0003 | Customer C | 120A | ||
| C0004 | Customer D | 120A | ||
| C0005 | Test client | 120A | ||
| C0006 | R J Sample Co | 120A | ||
| 120A | Total Customers | 120 | 1 | |
| Suppliers/Creditors | ||||
| S0001 | Supplier A | 220A | ||
| S0002 | Supplier B | 220A | ||
| S0003 | Supplier C | 220A | ||
| S0004 | Supplier D | 220A | ||
| S0005 | Supplier E | 220A | ||
| 220A | Total Suppliers | 220 | 1 | |
| Cost and profit centers | ||||
| Departments (CC1) | ||||
| .OTT | Department 1 | TDE | ||
| .TOR | Department 2 | TDE | ||
| TDE | Total Department Expenses | |||
| Projects (CC2) | ||||
| ,JOB1 | Project 1 | TPR | ||
| ,JOB2 | Project 2 | TPR | ||
| TPR | Total Projects | |||
| Other (CC3) | ||||
| ;OT-1 | Other 1 | TOT | ||
| ;OT-2 | Other 2 | TOT | ||
| TOT | Total Other | |||
| Segments | ||||
| : | Branch | TS1 | ||
| :01 | Ottawa | TS1 | ||
| :02 | Wancouver | TS1 | ||
| TS1 | Total Branch | |||
| :: | Sectors | TS2 | ||
| ::01 | Sales | TS2 | ||
| ::02 | Reasearch | TS2 | ||
| TS2 | Total sectors |
Multi-currency Accounting for company | USA | Account numbers
In this article
Multi-currency Accounting for company | USA | Account numbers
Multi-currency Accounting for company | USA | Account numbers
Open in Banana WebApp
Run Banana Accounting Plus on your browser without any installation. Customize the template, enter the transactions and save the file on your computer.
Open template in WebAppTemplate preview
Starter Company
Basic Currency: USD
Double-entry with foreign currencies
| Group | Account | Description | Currency | Sum In | Gr1 |
|---|---|---|---|---|---|
| BALANCE SHEET | |||||
| ASSETS | |||||
| 11200 | Bank Account USD | USD | 12 | ||
| 11201 | Bank Account CAD | CAD | 12 | ||
| 11202 | Bank Account EUR | EUR | 12 | ||
| 11300 | Petty Cash | USD | 12 | ||
| 120 | Accounts Receivable | 12 | 1 | ||
| 12200 | Allowance for Bad Debts | USD | 12 | ||
| 12400 | Accounts Receivable - Other | USD | 12 | ||
| 12500 | Due from Shareholder | USD | 12 | ||
| 12600 | Due from Employees | USD | 12 | ||
| 12700 | Investments | USD | 12 | ||
| 12800 | Income Taxes Recoverable | USD | 12 | ||
| 12850 | Sales Taxes Recoverable | USD | 12 | ||
| 13000 | Inventory | USD | 12 | ||
| 14000 | Prepaid Expenses | USD | 12 | ||
| 14100 | Prepaid Deposits | USD | 12 | ||
| 12 | Total Current Assets | 100 | |||
| 15110 | Furniture and Equipment | USD | 15 | ||
| 15120 | Furn. & Equip. - Acc. Am. | USD | 15 | ||
| 15210 | Computer Equipment | USD | 15 | ||
| 15220 | Computer Equip. - Acc. Am. | USD | 15 | ||
| 15310 | Vehicle | USD | 15 | ||
| 15320 | Vehicle - Acc. Am. | USD | 15 | ||
| 15 | Total Long Term Assets | 100 | |||
| 100 | TOTAL ASSETS | 00 | 1 | ||
| LIABILITIES & EQUITY | |||||
| LIABILITIES | |||||
| 220 | Accounts Payable | 22 | 1 | ||
| 22200 | Accrued Liabilities | USD | 22 | ||
| 22300 | Accounts Payable - Other | USD | 22 | ||
| 22400 | Visa payable | USD | 22 | ||
| 23500 | HST Charged on Sales | USD | 22 | ||
| 23510 | HST Paid on Purchases | USD | 22 | ||
| 23520 | HST Instalments | USD | 22 | ||
| 23530 | HST Payable | USD | 22 | ||
| 23600 | PST Payable | USD | 22 | ||
| 23700 | GST & QST Payable | USD | 22 | ||
| 23800 | Accrued Payroll | USD | 22 | ||
| 23900 | Source Deductions Payable | USD | 22 | ||
| 24000 | Corporate Tax Payable - Fed. | USD | 22 | ||
| 24100 | Corporate Tax Payable - Prov. | USD | 22 | ||
| 25300 | Line of Credit | USD | 22 | ||
| 25400 | Due to Shareholder | USD | 22 | ||
| 25900 | Current Portion of Debt - ST | USD | 22 | ||
| 22 | Total Current Liabilities | 2 | |||
| 26200 | Term Loan | USD | 26 | ||
| 26300 | Current Portion of Debt - LT | USD | 26 | ||
| 26 | Total Long Term Liabilities | 2 | |||
| 2 | Total Liabilities | 2-3 | |||
| EQUITY | |||||
| 31000 | Common Shares | USD | 3 | ||
| 38000 | Retained Earnings | USD | 3 | ||
| 3800 | (Profit)/Loss for the period | 3 | 1 | ||
| 39000 | Dividends | USD | 3 | ||
| 3 | Total Equity | 2-3 | |||
| 2-3 | TOTAL LIABILITIES & EQUITY | 00 | 1 | ||
| INCOME STATEMENT | |||||
| REVENUE | |||||
| 41100 | Sales | USD | 4 | ||
| 41900 | Other Income | USD | 4 | ||
| 44000 | Exchange Gain/Loss | USD | 4 | ||
| 4 | TOTAL REVENUE | L01 | 1 | ||
| COST OF SALES | |||||
| 51100 | Inventory - Opening | USD | 5 | ||
| 51200 | Purchases | USD | 5 | ||
| 52000 | Freight | USD | 5 | ||
| 52200 | Inventory - Closing | USD | 5 | ||
| 52300 | Direct Materials | USD | 5 | ||
| 52400 | Subcontractors | USD | 5 | ||
| 55100 | Salaries and Wages | USD | 5 | ||
| 55200 | CPP Expense | USD | 5 | ||
| 55300 | EI Expense | USD | 5 | ||
| 55400 | WSIB Expense | USD | 5 | ||
| 55500 | Benefit Plan | USD | 5 | ||
| 55600 | EHT Premiums | USD | 5 | ||
| 5 | Total COST OF SALES | L01 | |||
| L01 | GROSS MARGIN | L02 | 1 | ||
| EXPENSES | |||||
| 61050 | Accounting | USD | 6 | ||
| 61100 | Advertising & Marketing | USD | 6 | ||
| 61200 | Amortization | USD | 6 | ||
| 61400 | Bad Debts | USD | 6 | ||
| 61500 | Bank Charges & Interest | USD | 6 | ||
| 61550 | Business Tax & Licences | USD | 6 | ||
| 61600 | Courier | USD | 6 | ||
| 61620 | Computing expenses | USD | 6 | ||
| 61650 | Consulting Fees | USD | 6 | ||
| 61700 | Dues & Subscriptions | USD | 6 | ||
| 61800 | Education & Training | USD | 6 | ||
| 61900 | Equipment Rental | USD | 6 | ||
| 62000 | Insurance | USD | 6 | ||
| 62100 | Interest on Debt | USD | 6 | ||
| 62200 | Legal Fees | USD | 6 | ||
| 62250 | Management Salaries | USD | 6 | ||
| 62300 | Meals & Entertainment | USD | 6 | ||
| 62400 | Miscellaneous | USD | 6 | ||
| 62500 | Office Supplies | USD | 6 | ||
| 62600 | Rent | USD | 6 | ||
| 62700 | Repairs & Maintenance | USD | 6 | ||
| 63100 | Supplies | USD | 6 | ||
| 63200 | Telephone & Internet | USD | 6 | ||
| 63300 | Travel & Parking | USD | 6 | ||
| 63400 | Utilities | USD | 6 | ||
| 63500 | Vehicle Expenses | USD | 6 | ||
| 6 | Total EXPENSES | L02 | 1 | ||
| L02 | Income Before Income Taxes | L03 | |||
| 90000 | Income Tax Provision | 9 | |||
| 9 | Total Income Taxes | L03 | 1 | ||
| L03 | NET (INCOME)/LOSS | 3800 | 1 | ||
| 00 | Total Debit/Credit Balance should be 0 | ||||
| Customers/Debtors | |||||
| C0001 | Customer A | USD | 120A | ||
| C0002 | Customer B | USD | 120A | ||
| C0003 | Customer C | USD | 120A | ||
| C0004 | Customer D | USD | 120A | ||
| C0005 | Test client | USD | 120A | ||
| C0006 | R J Sample Co | USD | 120A | ||
| 120A | Total Customers | 120 | 1 | ||
| Suppliers/Creditors | |||||
| S0001 | Supplier A | USD | 220A | ||
| S0002 | Supplier B | USD | 220A | ||
| S0003 | Supplier C | USD | 220A | ||
| S0004 | Supplier D | USD | 220A | ||
| S0005 | Supplier E | USD | 220A | ||
| 220A | Total Suppliers | 220 | 1 | ||
| Cost and profit centers | |||||
| Departments (CC1) | |||||
| .OTT | Department 1 | USD | TDE | ||
| .TOR | Department 2 | USD | TDE | ||
| TDE | Total Department Expenses | ||||
| Projects (CC2) | |||||
| ,JOB1 | Project 1 | USD | TPR | ||
| ,JOB2 | Project 2 | USD | TPR | ||
| TPR | Total Projects | ||||
| Other (CC3) | |||||
| ;OT-1 | Other 1 | USD | TOT | ||
| ;OT-2 | Other 2 | USD | TOT | ||
| TOT | Total Other | ||||
| Segments | |||||
| : | Branch | TS1 | |||
| :01 | Ottawa | TS1 | |||
| :02 | Wancouver | TS1 | |||
| TS1 | Total Branch | ||||
| :: | Sectors | TS2 | |||
| ::01 | Sales | TS2 | |||
| ::02 | Reasearch | TS2 | |||
| TS2 | Total sectors |
| Ref.Currency | Currency | Text |
|---|---|---|
| CAD | Canadian Dollar | |
| EUR | Euro |