Templates Accounting Business without GST/HST Tax Canada

Double Entry Accounting for Company | Canada | Account numbers

In this article

    Double Entry Accounting for Company | Canada | Account numbers

    Double Entry Accounting for Company | Canada | Account numbers

    Canada
    Double-Entry Accounting
    Business

    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 WebApp

    Template preview

    Starter Company Banana

    Basic Currency: CAD

    Double-entry

    Table: Accounts
    Group Description Sum In Gr1
             
        BALANCE SHEET    
             
        ASSETS    
      11200 Bank Account 12  
      11201 Bank Account USD 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 HST Charged on Sales 22  
      23510 HST Paid on Purchases 22  
      23520 HST Instalments 22  
      23530 HST Payable 22  
      23600 PST Payable 22  
      23700 GST & QST Payable 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 | Canada | Account numbers

    In this article

      Multi-Currency Accounting for Company | Canada | Account numbers

      Multi-Currency Accounting for Company | Canada | Account numbers

      Canada
      Double-Entry Accounting with foreign currencies
      Business

      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 WebApp

      Template preview

      Starter Company Banana

      Basic Currency: CAD

      Double-entry with foreign currencies

      Table: Accounts
      Group Description Currency Sum In Gr1
                 
          BALANCE SHEET      
                 
          ASSETS      
        11200 Bank Account CAD 12  
        11201 Bank Account USD USD 12  
        11202 Bank Account EUR EUR 12  
        11300 Petty Cash CAD 12  
      120   Accounts Receivable   12 1
        12200 Allowance for Bad Debts CAD 12  
        12400 Accounts Receivable - Other CAD 12  
        12500 Due from Shareholder CAD 12  
        12600 Due from Employees CAD 12  
        12700 Investments CAD 12  
        12800 Income Taxes Recoverable CAD 12  
        12850 Sales Taxes Recoverable CAD 12  
        13000 Inventory CAD 12  
        14000 Prepaid Expenses CAD 12  
        14100 Prepaid Deposits CAD 12  
      12   Total Current Assets   100  
                 
        15110 Furniture and Equipment CAD 15  
        15120 Furn. & Equip. - Acc. Am. CAD 15  
        15210 Computer Equipment CAD 15  
        15220 Computer Equip. - Acc. Am. CAD 15  
        15310 Vehicle CAD 15  
        15320 Vehicle - Acc. Am. CAD 15  
      15   Total Long Term Assets   100  
      100   TOTAL ASSETS   00 1
                 
          LIABILITIES & EQUITY      
          LIABILITIES      
      220   Accounts Payable   22 1
        22200 Accrued Liabilities CAD 22  
        22300 Accounts Payable - Other CAD 22  
        22400 Visa payable CAD 22  
        23500 HST Charged on Sales CAD 22  
        23510 HST Paid on Purchases CAD 22  
        23520 HST Instalments CAD 22  
        23530 HST Payable CAD 22  
        23600 PST Payable CAD 22  
        23700 GST & QST Payable CAD 22  
        23800 Accrued Payroll CAD 22  
        23900 Source Deductions Payable CAD 22  
        24000 Corporate Tax Payable - Fed. CAD 22  
        24100 Corporate Tax Payable - Prov. CAD 22  
        25300 Line of Credit CAD 22  
        25400 Due to Shareholder CAD 22  
        25900 Current Portion of Debt - ST CAD 22  
      22   Total Current Liabilities   2  
                 
        26200 Term Loan CAD 26  
        26300 Current Portion of Debt - LT CAD 26  
      26   Total Long Term Liabilities   2  
      2   Total Liabilities   2-3  
                 
          EQUITY      
        31000 Common Shares CAD 3  
        38000 Retained Earnings CAD 3  
      3800   (Profit)/Loss for the period   3 1
        39000 Dividends CAD 3  
      3   Total Equity   2-3  
      2-3   TOTAL LIABILITIES & EQUITY   00 1
                 
                 
          INCOME STATEMENT      
                 
          REVENUE      
        41100 Sales CAD 4  
        41900 Other Income CAD 4  
        44000 Exchange Gain/Loss CAD 4  
      4   TOTAL REVENUE   L01 1
                 
          COST OF SALES      
        51100 Inventory - Opening CAD 5  
        51200 Purchases CAD 5  
        52000 Freight CAD 5  
        52200 Inventory - Closing CAD 5  
        52300 Direct Materials CAD 5  
        52400 Subcontractors CAD 5  
        55100 Salaries and Wages CAD 5  
        55200 CPP Expense CAD 5  
        55300 EI Expense CAD 5  
        55400 WSIB Expense CAD 5  
        55500 Benefit Plan CAD 5  
        55600 EHT Premiums CAD 5  
      5   Total COST OF SALES   L01  
      L01   GROSS MARGIN   L02 1
          EXPENSES      
        61050 Accounting CAD 6  
        61100 Advertising & Marketing CAD 6  
        61200 Amortization CAD 6  
        61400 Bad Debts CAD 6  
        61500 Bank Charges & Interest CAD 6  
        61550 Business Tax & Licences CAD 6  
        61600 Courier CAD 6  
        61620 Computing expenses CAD 6  
        61650 Consulting Fees CAD 6  
        61700 Dues & Subscriptions CAD 6  
        61800 Education & Training CAD 6  
        61900 Equipment Rental CAD 6  
        62000 Insurance CAD 6  
        62100 Interest on Debt CAD 6  
        62200 Legal Fees CAD 6  
        62250 Management Salaries CAD 6  
        62300 Meals & Entertainment CAD 6  
        62400 Miscellaneous CAD 6  
        62500 Office Supplies CAD 6  
        62600 Rent CAD 6  
        62700 Repairs & Maintenance CAD 6  
        63100 Supplies CAD 6  
        63200 Telephone & Internet CAD 6  
        63300 Travel & Parking CAD 6  
        63400 Utilities CAD 6  
        63500 Vehicle Expenses CAD 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 CAD 120A  
        C0002 Customer B CAD 120A  
        C0003 Customer C CAD 120A  
        C0004 Customer D CAD 120A  
        C0005 Test client CAD 120A  
        C0006 R J Sample Co CAD 120A  
      120A   Total Customers   120 1
                 
                 
          Suppliers/Creditors      
        S0001 Supplier A CAD 220A  
        S0002 Supplier B CAD 220A  
        S0003 Supplier C CAD 220A  
        S0004 Supplier D CAD 220A  
        S0005 Supplier E CAD 220A  
      220A   Total Suppliers   220 1
                 
          Cost and profit centers      
          Departments (CC1)      
        .OTT Department 1 CAD TDE  
        .TOR Department 2 CAD TDE  
      TDE   Total Department Expenses      
                 
          Projects (CC2)      
        ,JOB1 Project 1 CAD TPR  
        ,JOB2 Project 2 CAD TPR  
      TPR   Total Projects      
                 
          Other (CC3)      
        ;OT-1 Other 1 CAD TOT  
        ;OT-2 Other 2 CAD 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      
      Table: Exchange rates
      Ref.Currency Currency Text
        USD  
        EUR