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Double-Entry Accounting for a Corporation with foreign currencies
Start easily and FOR FREE the double-entry accounting with foreign currencies of your Corporation and get immediately the Income Statement and the Balance Sheet. This ready-to-use generic template can be adapted according to your needs, to also manage the accounting of your company, sole proprietorship, partnership or small or medium business. Banana Accounting Plus is a professional software that is very intuitive and fast to use because it's similar to Excel. If you make mistakes you can always correct until everything is perfect.
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Company XX
Basic Currency: USD
Double-entry with foreign currencies
Group | Account | Description | Currency | Sum In |
---|---|---|---|---|
BALANCE SHEET | ||||
ASSETS | ||||
Bank Accounts | ||||
Business checking USD | Business checking account Dollars (USD) | USD | Bank | |
Business checking EUR | Business checking account Euro (EUR) | EUR | Bank | |
Business checking GBP | Business checking account Pounds (GBP) | GBP | Bank | |
Business savings | Business savings account | USD | Bank | |
Payroll checking | Payroll checking | USD | Bank | |
Cash | Petty Cash - Out of Pocket expenses | USD | Bank | |
Barter | Barter checking | USD | Bank | |
Bank | Total Bank Accounts | Assets | ||
Accounts receivable | ||||
Customers | Accounts receivable (Customers' register) | Receivable | ||
Receivable | Total Accounts Receivable | Assets | ||
Current Assets | ||||
Inventory | Inventory | USD | C-Assets | |
Undeposited Funds | Undeposited Funds | USD | C-Assets | |
C-Assets | Total Current Assets | Assets | ||
Fixed Assets | ||||
Equipment | Equipment | USD | Fixed | |
Furniture | Furniture and Fixtures | USD | Fixed | |
Vehicles | Vehicles | USD | Fixed | |
Acc-Depreciation | Accumulated Depreciation | USD | Fixed | |
Fixed | Total Fixed Assets | Assets | ||
Other Assets | ||||
Start up | Start up costs (accountants use) | USD | Other | |
Acc-Amortization | Accumulated Amortization | USD | Other | |
Notes Receivable 1 | Notes Receivable 1 (officer, owner, related party) | USD | Other | |
Notes Receivable 2 | Notes Receivable 2 | USD | Other | |
Other | Total Other Assets | Assets | ||
Assets | TOTAL ASSETS | 00 | ||
LIABILITIES | ||||
Accounts payable | ||||
Suppliers | Suppliers' register | Payable | ||
Payable | Total Accounts Payable | Liabilities | ||
Credit Cards used to purchase | ||||
American | American Express - Credit card loan | USD | Cards | |
Visa | Visa - Credit card loan | USD | Cards | |
Cards | Total Credit Cards | Liabilities | ||
Current Liabilities | ||||
Accrued | Accrued Expenses | USD | C-Liabilities | |
Payroll tax payable | Payroll Tax Payable | USD | C-Liabilities | |
Sales tax payable | Sales Tax Payable | USD | C-Liabilities | |
Deposits | Deposits from Customers | USD | C-Liabilities | |
Portion long term | Current portion of long term liabilities | USD | C-Liabilities | |
C-Liabilities | Total Current Liabilities | Liabilities | ||
Long Term Liabilities | ||||
Loan | Bank loan | USD | Long term | |
Notes payable 1 | Notes payable1 | USD | Long term | |
Notes payable 2 | Notes payable2 | USD | Long term | |
Long term | Total Long Term Liabilities | Liabilities | ||
Liabilities | TOTAL LIABILITIES | 00 | ||
EQUITY | ||||
Capital | Capital stock / Capital partner | USD | Equity | |
Additional capital | Additional Capital Contributed / Additional Paid in Capital | USD | Equity | |
Retained earnings | Retained earnings | USD | Equity | |
Opening equity | Opening balance equity | USD | Equity | |
Shareholder 1 | Distributions shareholder 1 / Dividends / Draws | USD | Equity | |
Brought forward | Profit or Loss brought forward | USD | Equity | |
Profit or Loss | Profit or Loss of the current year | USD | Equity | |
Equity | TOTAL EQUITY | 00 | ||
PROFIT/LOSS STATEMENT | ||||
INCOME | ||||
Services | Income from services | USD | Income | |
Products sold | Income from parts / products sold | USD | Income | |
Sales write offs | Sales write offs | USD | Income | |
Income | TOTAL INCOME | Gross Profit | ||
COST OF GOODS SOLD | ||||
Materials | Materials, Direct product/service costs | USD | Cost Goods | |
Labor | Labor costs | USD | Cost Goods | |
Outside services | Outside services / Subcontractors | USD | Cost Goods | |
Supplies | Supplies costs | USD | Cost Goods | |
Small tools | Small tools | USD | Cost Goods | |
Cost Goods | TOTAL COST OF GOODS SOLD | Gross Profit | ||
Gross Profit | GROSS PROFIT | Ordinary | ||
EXPENSES | ||||
Advertising | Advertising, promotion, marketing costs | USD | Expenses | |
Automobile | Automobile expenses | USD | Expenses | |
Bank charges | Bank service charges | USD | Expenses | |
Cleaning | Cleaning | USD | Expenses | |
Contributions | Contributions | USD | Expenses | |
Depreciation | Depreciation expense | USD | Expenses | |
Discounts | Discounts taken | USD | Expenses | |
Subscriptions | Dues and subscriptions | USD | Expenses | |
Insurance | Auto Insurance, Life, Medical | USD | Expenses | |
Interest expense | Interest expense | USD | Expenses | |
Licenses | Business licenses and permits | USD | Expenses | |
Maintenance | Maintenance and repairs | USD | Expenses | |
Meals | Meals and entertainment | USD | Expenses | |
Merchant fees | Merchant credit card fees | USD | Expenses | |
Office | Office expenses (computer, postage, delivery, supplies) | USD | Expenses | |
Payroll taxes | Payroll taxes | USD | Expenses | |
Professional fees | Professional fees | USD | Expenses | |
Rent | Rental Payments | USD | Expenses | |
Salaries | Salaries | USD | Expenses | |
Telephone | Telephone, Fax | USD | Expenses | |
Travel | Travel | USD | Expenses | |
Utilities | Utilities | USD | Expenses | |
Expenses | TOTAL EXPENSES | Ordinary | ||
Ordinary | NET ORDINARY INCOME | Result | ||
OTHER INCOME | ||||
Interest income | Interest income | USD | O-Income | |
Profit exchange | Profit on Foreign Exchange | USD | O-Income | |
O-Income | TOTAL OTHER INCOME | Result | ||
OTHER EXPENSE | ||||
Ask accountant | Ask accountant | USD | O-Expense | |
Loss exchange | Loss on Foreign Exchange | USD | O-Expense | |
O-Expense | TOTAL OTHER EXPENSE | Result | ||
Result | NET INCOME ( Profit(-) Loss(+) ) | Profit or Loss | ||
00 | Difference should be = 0 (blank cell) | |||
CUSTOMERS/SUPPLIERS REGISTER | ||||
Customers | ||||
Cus-Redford | Redford Inc | USD | TOTC | |
Cus-Smith | John Smith | USD | TOTC | |
Cus-Black | Simon Black | GBP | TOTC | |
TOTC | Total Customers | Customers | ||
Suppliers | ||||
Sup-Johnson | Johnson Inc | EUR | TOTS | |
Sup-Marble | Marble Inc | USD | TOTS | |
Sup-Taylor | Mary Taylor | USD | TOTS | |
TOTS | Total Suppliers | Suppliers | ||
COST CENTERS | ||||
Products | ||||
.Product A | Product A | USD | Products | |
.Product B | Product B | USD | Products | |
.Product C | Product C | USD | Products | |
Products | Total Products | |||
Projects | ||||
;Project A | Project A | USD | Projects | |
;Project B | Project B | USD | Projects | |
Projects | Total Projects | |||
SEGMENTS | ||||
Branches | ||||
:BA | Branch A | USD | Branches | |
:BB | Branch B | USD | Branches | |
Branches | Total Branches | |||
Ref.Currency | Currency | Text |
---|---|---|
USD | EUR | Euro |
USD | GBP | Pound Sterling |