Dans cet article
Multi-currency Accounting for company | USA | with Sales Tax | Account numbers
USA
Double-Entry Accounting with vat/sales tax and foreign currencies
Business
Quickly enter transactions and prepare Financial statements and sales tax report, for a company that is working in multiple currencies.
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Starter Company
Basic Currency: USD
Double-entry with foreign currencies and VAT/Sales tax
| 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 | Sales tax payable | USD | 22 | ||
| 23510 | Sales Tax automatic | 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 |
| VAT Code | Description | %VAT |
|---|---|---|
| Last update: Jan xx, 2020 | ||
| State X1 (paid ST, county) | ||
| Sales tax charged County A1 | ||
| CZipCode1 | ST Charged for City 1 | 7.00 |
| CZipCode2 | ST Charged for City 2 | 7.20 |
| Sales tax paid County A1 | ||
| PZipCode1 | ST paid for City 1 | 7.00 |
| PZipCode2 | ST paid for City 2 | 7.20 |
| Total sales tax for County A2 | 1.50 | |
| CZipCode3 | ST Charged for City 3 | 7.10 |
| CZipCode4 | ST Charged for City 4 | 7.30 |
| Sales tax paid County A1 | ||
| PZipCode3 | ST paid for City 1 | 7.10 |
| PZipCode4 | ST paid for City 2 | 7.30 |
| Total sales tax for County A1 | 1.60 | |
| Sales tax Exeptions for State X1 | ||
| EX1-01 | Tax exeption State X1 for purpose 1 | |
| EX1-02 | Tax exeption State X1 for purpose 2 | |
| Total State X1 | 5.00 | |
| State X2 (no paid, no county) | ||
| Sales tax charged State X2 | ||
| CZipCode10 | ST Charged for City 10 | 7.00 |
| CZipCode11 | ST Charged for City 11 | 7.20 |
| Sales tax paid State X2 | ||
| PZipCode10 | ST paid for City 10 | 7.00 |
| PZipCode11 | ST paid for City 11 | 7.20 |
| Sales tax Exeptions for State X2 | ||
| EX2-01 | Tax exeption State X1 for purpose 1 | |
| EX2-02 | Tax exeption State X1 for purpose 2 | |
| Total State X2 | 5.00 | |
| State X3 (no paid, county) | ||
| Sales tax charged County A20 | ||
| CZipCode20 | ST Charged for City 20 | 7.00 |
| CZipCode21 | ST Charged for City 21 | 7.20 |
| Total sales tax for County A20 | 1.50 | |
| Sales tax charged County A30 | ||
| CZipCode30 | ST Charged for City 30 | 7.00 |
| CZipCode31 | ST Charged for City 31 | 7.20 |
| Total sales tax for County A20 | 1.50 | |
| Sales tax Exeptions for State X1 | ||
| EX3-01 | Tax exeption State X1 for purpose 1 | |
| EX3-02 | Tax exeption State X1 for purpose 2 | |
| Total State X1 | 5.00 | |
| State X4 (no paid tax, no county) | ||
| CZipCode40 | ST Charged for City 40 | 7.00 |
| CZipCode41 | ST Charged for City 41 | 7.20 |
| Sales tax Exeptions for State X4 | ||
| EX4-01 | Tax exeption State X1 for purpose 1 | |
| EX4-02 | Tax exeption State X1 for purpose 2 | |
| Total State X4 | 5.00 | |
| Total final for control | ||
| Ref.Currency | Currency | Text |
|---|---|---|
| CAD | Canadian Dollar | |
| EUR | Euro |