Register free!
Search
 
     

The Green Industry's Resource Center


Click for Weather
Reply
 
Thread Tools Display Modes
  #1  
Old 01-05-2002, 01:41 PM
CL73Inc CL73Inc is offline
LawnSite Member
 
Join Date: Jan 2002
Location: boston, ma
Posts: 2
Chart of Accounts and Items

Setting up quickbooks pro 2001 and was interested in what other people find most useful. Some questions:

1. Does any one have a sample chart of accounts? I think I may have gone over board with too many expense accts and would love to see what other people use. Same for income accts...I think I use too many.

2. Items. Should they be general such as maint, const, and sanding or it is better to more specific and break out individual functions such as weeding, pruning, tree work, snow shoveling, etc.

I have an accounting degree but quickbooks is new to me and any feedback on ways you get the most out of it would be greatly appreciated. Thanks guys. Get ready for the snow in Boston.
Reply With Quote
  #2  
Old 01-05-2002, 04:08 PM
GroundKprs GroundKprs is offline
LawnSite Bronze Member
 
Join Date: Dec 1999
Location: South Bend, IN
Posts: 1,969
You are better off to start off with too many categories. At a later date you can combine them if you feel that you have it too detailed. There is a function in QB to combine categories, basically you are just renaming one category to another existing category.

But later if you want to break one category down into more detail, you will have to go back and edit every entry in the new categories or sub-categories if you want them to be accurate.

So set up as many as you want for detail; and later you will probably find that you even want more. LOL.
__________________
Jim
North central Indiana
<a href="http://members.aol.com/groundkprs/Entry/Educate.html">Learn About Turfgrass</a>
Reply With Quote
  #3  
Old 01-05-2002, 11:40 PM
SprinklerGuy SprinklerGuy is offline
LawnSite Bronze Member
 
Join Date: Oct 2001
Location: Scottsdale, Arizona/Colorado Springs, Colorado
Posts: 1,777
I agree, more is better. I think it can be confusing sometimes though. I am in the process of refining my chart of accounts as well as splitting my 'WAGES' account up so that I can post different guys to different 'COST OF SALES' areas. i.e. sometimes the install crew will do repairs, and now I can post their repair hours to another wages account thereby not diluting their actual costs of sales in construction.

I am about to load QB Pro 2001 myself, been using Peachtree but I think my accountant is tired of using the courier so much to send backups and restores back and forth!!!
__________________
Tony Neumann
Reply With Quote
  #4  
Old 01-06-2002, 12:20 PM
bruces bruces is offline
LawnSite Senior Member
 
Join Date: Jun 2001
Location: Independence, MO
Posts: 648
Re: Chart of Accounts and Items

Quote:
Originally posted by CL73Inc
Setting up quickbooks pro 2001 and was interested in what other people find most useful. Some questions:

1. Does any one have a sample chart of accounts? I think I may have gone over board with too many expense accts and would love to see what other people use. Same for income accts...I think I use too many.

2. Items. Should they be general such as maint, const, and sanding or it is better to more specific and break out individual functions such as weeding, pruning, tree work, snow shoveling, etc.

I have an accounting degree but quickbooks is new to me and any feedback on ways you get the most out of it would be greatly appreciated. Thanks guys. Get ready for the snow in Boston.
It really depends on what you want. If you want a lot of detail, fine, if you don't think you need it, that is ok also.

Do what it takes to give you the info you need, personally, the simpler the better, but that is just me.
Reply With Quote
  #5  
Old 01-06-2002, 04:29 PM
HBFOXJr HBFOXJr is offline
LawnSite Bronze Member
 
Join Date: Jul 2001
Location: Southern New Jersey
Posts: 1,700
my chart of accounts

This is my new chart of accounts for my new QB2001 Pro. It resembles my old chart in my other software. What is different is the lack of sub accounts here. I'm now using "classes" to further break down expenses and income. Classes I'm using for irrigation are new installation, service, alterations/additions, winterizations. For lawn care it's mowing/maintenance and applications. Subclasses under applications are aeration/seeding, regular applications and specialty applications.
Attached Files
File Type: doc chart of accts.doc (61.0 KB, 564 views)
__________________
Harold
Reply With Quote
Reply

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump





Powered by vBulletin® Version 3.8.6
Copyright ©2000 - 2014, Jelsoft Enterprises Ltd.
Copyright ©1998 - 2012, LawnSite.comô - Moose River Media
All times are GMT -4. The time now is 09:14 PM.

Page generated in 0.08587 seconds with 10 queries