Chart Of Accounts
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From Daubert:
Just as libraries keep their books and materials in a certain order, organizations keep their accounts in order by arranging them in a chart of accounts. The concept of the chart of accounts is very similar to the classification of books in a library, where books are sorted by the Library of Congress system, the Dewey decimal system, or some other method. …A small organization may use verbal descriptions of accounts, while larger organizations usually identify accounts with numeric codes

When you are managing funds for a library, you will need to be familiar with the accounts for which you are responsible. The library may have one or more summary accounts, with numerous detailed accounts included in each. Most accounting systems today use some type of numeric codes with one or more sets of numbers to designate the base accounts. Another set of numbers is used to designate the specific types of revenues or expenditures within this base account. For example, the library's base account number might be 25000, with the detail code 100 used for personnel, 200 for supplies, and 300 for books. Items are charged to the detailed accounts 25000-100 for library personnel, 25000-200 for library supplies, and 25000-300 for library books. If other units in the organization also use the same detail codes100,200, and 300 (combined with their unique base account codes),it is fairly easy to determine your organization's total costs for personnel, sup- plies, and books.

From Notes:

The Double Entry or T-account—when one account is debited, another must be credited.

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