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Default Chart of Accounts

The following list shows the default chart of accounts set up by ISI during installation.

Account Description
1000.00 Current Assets
1011.00 Cash in Bank
1012.00 Cash – Savings
1013.00 Petty Cash
1016.00 Credit Card Over/Short Offset
1050.00 Credit Cards
1100.00 Accounts Receivable
1105.00 QuickBooks A/R Offset
1170.00 Employee Advances
1201.00 Inventory
2020.00 Purchases Clearing
2099.00 Sales Tax Payable
4000.00  Income
4011.00 Sales of Goods/Services
4012.00 Sales-Category 2
4013.00 Sales-Category 3
4100.00 Refunds/Allowances
4111.00 Customer Discount
4112.00 Coupons
4113.00 Warranty
4210.00 Cash Over or Short
4211.00 Credit Over or Short
4320.00  Services Charges
5000.00  Cost of Goods Sold
5011.00 Purchases-Category 1
5012.00 Purchases-Category 2
5013.00 Purchases-Category 3
5020.00 Freight
5030.00 Purchase Returns
5090.00 Purchase Discounts
5111.00 Shrinkage
5350.00 Laundry
5360.00 Supplies
5370.00 Tools
6120.00 Auto Expense
6130.00 Meals & Entertainment
6140.00 Insurance
6180.00 Office Supplies
6190.00 Postage
6210.00 Advertising
6230.00 Repairs & Maintenance
6530.00 Bank Card/Credit Card Charges
6580.00 Misc. Expenses
7010.00 Interest Income
7020.00 Miscellaneous Income