LIST OF ACCOUNT NAMES

CASH
FLOW REPORTING REPORTING
ACCOUNT NAME ELEMENT TYPE STATEMENT SECTION DEFINITION OR USE
Accounts Payable Liability Operating Balance Sheet Current Liabilities Money owed to others from goods and services received
Accounts Receivable Asset Operating Balance Sheet Current Assets Money owed to your buisness from credit sales to customers
Accumulated Depreciation Asset Balance Sheet Long Term Assets (contra PPE) Total depreciation expensed to-date on PPE assets
Additional Paid In Capital Equity Financing Balance Sheet Equity Money raised by issuing ownership in the business (above par only)
Advertising Expense Expense Operating Income Statement Operating Expenses Costs of advertisements run
Allowance for Doubtful Accounts Asset Balance Sheet Current Assets (contra) Portion of accounts receivable not expected to be received
Bad Debt Expense Expense Income Statement Operating Expenses Estimate of credit sales that will not be collected
Bonds Payable Liability Financing Balance Sheet Long Term Liabilities Money borrowed from and owed to investors, with interest fees
Buildings Asset Investing Balance Sheet Long Term Assets (PPE) Buildings used in business activities
Cash Asset Balance Sheet Current Assets Currency held
Common Stock Equity Financing Balance Sheet Equity Money raised by issuing common stock ownership in the business (par only)
Contributed Capital Equity Financing Balance Sheet Equity Money contributed less money withdrawn by owners of the business
Copyright Asset Investing Balance Sheet Long Term Assets (Intangibles) Cost of obtaining a copyright
Cost of Goods Sold Expense Operating Income Statement Equity Original cost of inventory sold
Depreciation Expense Expense Income Statement Operating Expenses Allocation of PPE cost to the income statement
Dividends Equity Financing part of Retained Earnings Equity (contra) Money returned to owners
Dividend Revenue Revenue Operating Income Statement Other Revenues & Expenses Dividend earnings from owning stock in another business
Dividends Payable Liability Financing Balance Sheet Current Liabilities Dividends the business declared but has not yet paid
Equipment Asset Investing Balance Sheet Long Term Assets (PPE) Machines, cars, equipment used in business activities
Gain on Sale Revenue Income Statement Other Revenues & Expenses Result of selling an asset for more than its book value
Income Tax Expense Expense Operating Income Statement Expenses Assessed fees on income, as defined by government municipalities
Income Taxes Payable Liability Operating Balance Sheet Current Liabilities Income taxes expensed, but not yet paid
Insurance Expense Expense Operating Income Statement Operating Expenses Insurance coverage provided to the business
Interest Expense Expense Operating Income Statement Other Revenues & Expenses Fees for borrowing money
Interest Payable Liability Operating Balance Sheet Current Liabilities Interest owed by the business but not yet paid
Interest Receivable Asset Operating Balance Sheet Current Assets Earnings from lending money to others but not yet received
Interest Revenue Revenue Operating Income Statement Other Revenues & Expenses Earnings from lending money to others
Inventory Asset Operating Balance Sheet Current Assets Items held to be sold to customers
Investments Asset Investing Balance Sheet Current Assets, Long Term Assets Stocks, bonds & other assets held for a return
Land Asset Investing Balance Sheet Long Term Assets (PPE) Land used in business activities
Lease Liability Liability Financing Balance Sheet Current Liabilities, Long Term Liabilities Present value of remaining lease payments
Leased Asset Asset Investing Balance Sheet Long Term Assets (PPE) Tangible property rented through a capital lease
Legal Expense Expense Operating Income Statement Operating Expenses Fees for attorney services provided to the business
Loss on Sale Expense Income Statement Other Revenues & Expenses Result of selling an asset for less than its book value
Mortgage Payable Liability Financing Balance Sheet Long Term Liabilities Money borrowed and owed to others from purchasing real estate, with interest fees
Notes Payable Liability Financing Balance Sheet Current Liabilities, Long Term Liabilities Money borrowed and owed to others, with interest fees
Notes Receivable Asset Investing Balance Sheet Current Assets, Long Term Assets Money lent to others, with interest fees
Paid In Capital Equity Financing Balance Sheet Equity Money raised by issuing ownership in the business (above par only)
Patent Asset Investing Balance Sheet Long Term Assets (Intangibles) Cost of obtaining a patent
Plant, Property & Equipment Asset Investing Balance Sheet Long Term Assets (PPE) Tangible property used in business activities (ie. Buildings, land, equipment)
Preferred Stock Equity Financing Balance Sheet Equity Money raised by issuing preferred stock ownership in the business (par only)
Prepaid Expenses Asset Operating Balance Sheet Current Assets Money paid to others for services to be received by the business in the future
Prepaid Insurance Asset Operating Balance Sheet Current Assets Money paid for insurance coverage to be received by the business in the future
Prepaid Rent Asset Operating Balance Sheet Current Assets Money paid for rent to be used by the business in the future
Prepaid Property Taxes Asset Operating Balance Sheet Current Assets Money paid for property tax to be used by the business in the future
Property Tax Expense Expense Operating Income Statement Operating Expenses Property taxes assessed on business
Rent Expense Expense Operating Income Statement Operating Expenses Fees for renting assets through an operating lease
Rent Payable Liability Operating Balance Sheet Current Liabilities Money owed for rental services already provided to the business
Rent Revenue Revenue Operating Income Statement Other Revenues & Expenses Earnings for letting others use assets owned by the business
Repair Expense Expense Operating Income Statement Operating Expenses Cost of repairing PPE assets
Retained Earnings Equity Balance Sheet Equity Cumulative earnings less dividends since the inception of the business
Salaries Expense Expense Operating Income Statement Operating Expenses Wages, salaries, commissions earned by employees of the business
Salaries Payable Liability Operating Balance Sheet Current Liabilities Wages, salaries, commissions earned by employees but not yet paid
Sales Discounts Revenue Operating Income Statement Revenues (contra) Value of discount offered by the business for items purchased by customers
Sales Returns & Allowances Revenue Operating Income Statement Revenues (contra) Value of items returned by customers to the business
Sales Revenue Revenue Operating Income Statement Revenues Earnings or sales price of goods and services sold to others
Service Revenue Revenue Operating Income Statement Revenues Earnings or sales price of services provided to others
Supplies Asset Operating Balance Sheet Current Assets Miscellaneous items on hand to be used in the future (paper, pens, lightbulbs, etc)
Supplies Expense Expense Operating Income Statement Operating Expenses Miscellaneous items used in the course of business (paper, pens, lightbulbs, etc.)
Trademark Asset Investing Balance Sheet Long Term Assets (Intangibles) Cost of obtaining a trademark
Treasury Stock Equity Financing Balance Sheet Equity (contra) Purchase of the business' own common stock
Unearned Revenue Liability Operating Balance Sheet Current Liabilities Money paid to the business for goods or services to be provided to others in the future
Unrealized Gain Revenue Income Statement Other Revenues & Expenses Result of investments increasing in value before they are sold
Unrealized Loss Expense Income Statement Other Revenues & Expenses Result of investments decreasing in value before they are sold
Utility Expense Expense Operating Income Statement Operating Expenses Fees for utility services used by the business
Utilities Payable Liability Operating Balance Sheet Current Liabilities Utility services consumed but not yet paid
Wage Expense Expense Operating Income Statement Operating Expenses Wages, salaries, commissions earned by employees of the business
Wages Payable Liability Operating Balance Sheet Current Liabilities Wages, salaries, commissions earned by employees but not yet paid