cash: number: 1010 name: Cash description: Checking account balance (as shown in company records), currency, coins, checks received from customers but not yet deposited. bank_checking: number: 1011 name: Cash description: Checking account balance (as shown in company records), currency, coins, checks received from customers but not yet deposited. inventory: number: 1100 name: Inventory Assets description: Inventory on hand and awaiting sale transfers: number: 1115 name: Inventory in Transist description: Inventory on a transfer between locations deposits: number: 1200 name: Deposits description: Deposit holding account inv_recpt: number: 2600 name: Accounts Receivable Clearing description: Inventory Receipts clearing ar: number: 1220 name: Accounts Receivable description: Amounts owed to the company for services performed or products sold but not yet paid for. tax: number: 2250 name: Sales Tax Recv description: Tax collected ap: number: 2200 name: Accounts Payable description: Amounts owed to the outside vendors for services performed or products received but not yet paid for. retained_earnings: number: 3100 name: Retained Earnings description: Stockholders equity (Common Stock, Retained Earnings) sales: number: 4000 name: Sales description: Amounts earned from selling physical goods. When a sale is provided on credit, both this account and Accounts Receivable will increase. When a service is provided for immediate cash, both this account and Cash will increase. marketing: number: 6100 name: Marketing description: Marketing Expenses inventory_write_off: number: 6800 name: Inv Write Off description: Cost of inventory written off inventory_purchase: number: 5000 name: Merchandise Inventory Purchases description: Expenses incurred purchasing items for resale rent: number: 6600 name: Rent Expense description: Cost of occupying rented facilities during the accounting period. shipping: number: 6410 name: Outbound Shipping Expense description: Cost of shipping products to customers inbound_shipping: number: 6420 name: Inbound Shipping Expense description: Cost of vendors shipping products to us