Account Group

Grouping of accounts is the vital part in implementing GoodBooks. Based on the grouping only, accounts are classified as Income, Expense, Asset or Liability. This classification is essential in the preparation of Profit & Loss A/c and Balance Sheet. It is highly advisable to consult with your auditor in this regard. Have your previous year P&L and Balance Sheet statements on hand before you start creating the groups. Click here to see how you can create Account Groups. Note Note that the type you specify in the group master is the key in preparing the final accounts. Only based on the classification you have made here, GoodBooks prepares the Profit & Loss and Balance Sheet.

Cash and Bank Balance

Capital Work In Progress

ADVANCE FOR EXPENSES

Current Assets

ADVANCE AGAINST SALARY

LOAN TO STAFF

ADVANCE AGAINST WAGES

LOAN TO WORKERS

Fixed Assets

Inventories

Investment

Loan and Advances

PreOperative Project Expenses

Provisions

Debtors

Manufacturing Expenses

Opening Stock (Mfg.)

Opening Stock (Trading)

Purchases

Closing Stock (Mfg.)

Closing Stock(Trading)

Sales

Administrative Expenses

Depreciation

Financial Expenses

Profit & Loss Account

Selling Expenses

Trading Expenses

Other Income

Current Liabilities

Society Deductions

Reserve and Surplus

Secured Loan

Share Capital

Creditors

Unsecured Loan

Contents

Revisions

January 13, 2016 @ 11:24:14 [Current Revision] by admin
January 13, 2016 @ 11:24:14 by vv
January 13, 2016 @ 11:23:27 by vv
January 13, 2016 @ 11:22:56 [Autosave] by vv
July 29, 2014 @ 13:27:20 [Autosave] by admin
July 29, 2014 @ 12:53:53 by vv
July 29, 2014 @ 12:45:15 by admin
April 9, 2013 @ 07:12:27 by editor
February 11, 2013 @ 11:14:14 by admin
February 11, 2013 @ 11:13:42 by admin

Revision Differences

--- February 11, 2013 @ 11:13:42
+++ Current Revision
-Deleted: This form is used to created account group under account schedule. Some of the major groups are Inventories, Investment, Loan and Advances, Provisions,  Debtors, Manufacturing Expenses, Opening Stock,  Purchases, Closing Stock (Mfg.), Closing Stock(Trading), Sales, Administrative Expenses, Depreciation, Current Liabilities, Society  Deductions, Reserve and Surplus, Secured Loan, Share Capital, Creditors, Unsecured Loan
+Added: Grouping of accounts is the vital part in implementing GoodBooks. Based on the grouping only, accounts are classified as Income, Expense, Asset or Liability. This classification is essential in the preparation of Profit &amp; Loss A/c and Balance Sheet. It is highly advisable to consult with your auditor in this regard. Have your previous year P&amp;L and Balance Sheet statements on hand before you start creating the groups.
+Added: Click <a href="http:// help.goodbookserp.com/?p= 2509">here</a> to see how you can create Account Groups.
 Unchanged: &nbsp;
-Deleted: &nbsp;
+Added: <strong>Note</strong>
+Added: Note that the type you specify in the group master is the key in preparing the final accounts. Only based on the classification you have made here, GoodBooks prepares the Profit &amp; Loss and Balance Sheet.
-Deleted: <table width="202" border="0" cellspacing="0" cellpadding=" 0"><colgroup><col style="width: 152pt;" width="202" /> </colgroup>
+Added: <table border="0" width="202" cellspacing="0" cellpadding="0">
 Unchanged: <tbody>
 Unchanged: <tr style="height: 15pt;">
 Unchanged: <td style="height: 15pt; width: 152pt;" width="202" height="20">Cash and Bank Balance</td>
 Unchanged: </tr>
 Unchanged: <tr style="height: 15pt;">
 Unchanged: <td style="height: 15pt;" height="20">Capital Work In Progress</td>
 Unchanged: </tr>
 Unchanged: <tr style="height: 15pt;">
 Unchanged: <td style="height: 15pt;" height="20">ADVANCE FOR EXPENSES</td>
 Unchanged: </tr>
 Unchanged: <tr style="height: 15pt;">
 Unchanged: <td style="height: 15pt;" height="20">Current Assets</td>
 Unchanged: </tr>
 Unchanged: <tr style="height: 15pt;">
 Unchanged: <td style="height: 15pt;" height="20">ADVANCE AGAINST SALARY</td>
 Unchanged: </tr>
 Unchanged: <tr style="height: 15pt;">
 Unchanged: <td style="height: 15pt;" height="20">LOAN TO STAFF</td>
 Unchanged: </tr>
 Unchanged: <tr style="height: 15pt;">
 Unchanged: <td style="height: 15pt;" height="20">ADVANCE AGAINST WAGES</td>
 Unchanged: </tr>
 Unchanged: <tr style="height: 15pt;">
 Unchanged: <td style="height: 15pt;" height="20">LOAN TO WORKERS</td>
 Unchanged: </tr>
 Unchanged: <tr style="height: 15pt;">
 Unchanged: <td style="height: 15pt;" height="20">Fixed Assets</td>
 Unchanged: </tr>
 Unchanged: <tr style="height: 15pt;">
 Unchanged: <td style="height: 15pt;" height="20">Inventories</td>
 Unchanged: </tr>
 Unchanged: <tr style="height: 15pt;">
 Unchanged: <td style="height: 15pt;" height="20">Investment</td>
 Unchanged: </tr>
 Unchanged: <tr style="height: 15pt;">
 Unchanged: <td style="height: 15pt;" height="20">Loan and Advances</td>
 Unchanged: </tr>
 Unchanged: <tr style="height: 15pt;">
 Unchanged: <td style="height: 15pt;" height="20">PreOperative Project Expenses</td>
 Unchanged: </tr>
 Unchanged: <tr style="height: 15pt;">
 Unchanged: <td style="height: 15pt;" height="20">Provisions</td>
 Unchanged: </tr>
 Unchanged: <tr style="height: 15pt;">
 Unchanged: <td style="height: 15pt;" height="20">Debtors</td>
 Unchanged: </tr>
 Unchanged: <tr style="height: 15pt;">
 Unchanged: <td style="height: 15pt;" height="20">Manufacturing Expenses</td>
 Unchanged: </tr>
 Unchanged: <tr style="height: 15pt;">
 Unchanged: <td style="height: 15pt;" height="20">Opening Stock (Mfg.)</td>
 Unchanged: </tr>
 Unchanged: <tr style="height: 15pt;">
 Unchanged: <td style="height: 15pt;" height="20">Opening Stock (Trading)</td>
 Unchanged: </tr>
 Unchanged: <tr style="height: 15pt;">
 Unchanged: <td style="height: 15pt;" height="20">Purchases</td>
 Unchanged: </tr>
 Unchanged: <tr style="height: 15pt;">
 Unchanged: <td style="height: 15pt;" height="20">Closing Stock (Mfg.)</td>
 Unchanged: </tr>
 Unchanged: <tr style="height: 15pt;">
 Unchanged: <td style="height: 15pt;" height="20">Closing Stock(Trading)</td>
 Unchanged: </tr>
 Unchanged: <tr style="height: 15pt;">
 Unchanged: <td style="height: 15pt;" height="20">Sales</td>
 Unchanged: </tr>
 Unchanged: <tr style="height: 15pt;">
 Unchanged: <td style="height: 15pt;" height="20">Administrative Expenses</td>
 Unchanged: </tr>
 Unchanged: <tr style="height: 15pt;">
 Unchanged: <td style="height: 15pt;" height="20">Depreciation</td>
 Unchanged: </tr>
 Unchanged: <tr style="height: 15pt;">
 Unchanged: <td style="height: 15pt;" height="20">Financial Expenses</td>
 Unchanged: </tr>
 Unchanged: <tr style="height: 15pt;">
 Unchanged: <td style="height: 15pt;" height="20">Profit &amp; Loss Account</td>
 Unchanged: </tr>
 Unchanged: <tr style="height: 15pt;">
 Unchanged: <td style="height: 15pt;" height="20">Selling Expenses</td>
 Unchanged: </tr>
 Unchanged: <tr style="height: 15pt;">
 Unchanged: <td style="height: 15pt;" height="20">Trading Expenses</td>
 Unchanged: </tr>
 Unchanged: <tr style="height: 15pt;">
 Unchanged: <td style="height: 15pt;" height="20">Other Income</td>
 Unchanged: </tr>
 Unchanged: <tr style="height: 15pt;">
 Unchanged: <td style="height: 15pt;" height="20">Current Liabilities</td>
 Unchanged: </tr>
 Unchanged: <tr style="height: 15pt;">
-Deleted: <td style="height: 15pt;" height="20">Society<span>  </span>Deductions</td>
+Added: <td style="height: 15pt;" height="20">Society  Deductions</td>
 Unchanged: </tr>
 Unchanged: <tr style="height: 15pt;">
 Unchanged: <td style="height: 15pt;" height="20">Reserve and Surplus</td>
 Unchanged: </tr>
 Unchanged: <tr style="height: 15pt;">
 Unchanged: <td style="height: 15pt;" height="20">Secured Loan</td>
 Unchanged: </tr>
 Unchanged: <tr style="height: 15pt;">
 Unchanged: <td style="height: 15pt;" height="20">Share Capital</td>
 Unchanged: </tr>
 Unchanged: <tr style="height: 15pt;">
 Unchanged: <td style="height: 15pt;" height="20">Creditors</td>
 Unchanged: </tr>
 Unchanged: <tr style="height: 15pt;">
 Unchanged: <td style="height: 15pt;" height="20">Unsecured Loan</td>
 Unchanged: </tr>
 Unchanged: </tbody>
 Unchanged: </table>

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Revisions

Revision Differences