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2 | 2 | Django Ledger created by Miguel Sanda <[email protected]>. |
3 | 3 | Copyright© EDMA Group Inc licensed under the GPLv3 Agreement. |
4 | 4 |
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5 | | -Contributions to this module: |
6 | | - * Miguel Sanda <[email protected]> |
7 | | - * Pranav P Tulshyan <[email protected]> |
8 | | -
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9 | 5 | This is the base Chart of Accounts that has all the possible accounts that are useful for the preparation of the |
10 | 6 | Financial Statements. A user may choose to use the default CoA at the creation of each EntityModel but it is not |
11 | 7 | required. The default CoA is intended to provide a QuickStart solution for most use cases. |
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14 | 10 | 1. Assets: |
15 | 11 | 2. Liabilities |
16 | 12 | 3. Shareholder's Equity |
17 | | - 4. Expenses |
18 | | - 5. Revenue |
| 13 | + 4. Income |
| 14 | + 5. COGS |
| 15 | + 6. Expenses |
| 16 | +
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19 | 17 |
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20 | 18 | The Django Ledger Default Chart of Accounts must include the following fields: |
21 | 19 | * Code - String |
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75 | 73 | 6040 ex_regular debit Bad Debt root_expenses |
76 | 74 | 6050 ex_regular debit Bank Charges root_expenses |
77 | 75 | 6060 ex_regular debit Commission Expense root_expenses |
78 | | - 6080 ex_regular debit Employee Benefits root_expenses |
| 76 | + 6080 ex_regular debit Employee Benefits root_expenses |
| 77 | + 6081 ex_regular debit Employee Wages root_expenses |
79 | 78 | 6090 ex_regular debit Freight root_expenses |
80 | 79 | 6110 ex_regular debit Gifts root_expenses |
81 | 80 | 6120 ex_regular debit Insurance root_expenses |
82 | 81 | 6140 ex_regular debit Professional Fees root_expenses |
83 | 82 | 6150 ex_regular debit License Expense root_expenses |
84 | 83 | 6170 ex_regular debit Maintenance Expense root_expenses |
85 | 84 | 6180 ex_regular debit Meals & Entertainment root_expenses |
86 | | - 6190 ex_regular debit Office Expense root_expenses |
| 85 | + 6190 ex_regular debit Office Expense root_expenses |
87 | 86 | 6220 ex_regular debit Printing root_expenses |
88 | 87 | 6230 ex_regular debit Postage root_expenses |
89 | 88 | 6240 ex_regular debit Rent root_expenses |
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262 | 261 | 'parent': None}, |
263 | 262 | {'code': '6080', 'role': roles.EXPENSE_OPERATIONAL, 'balance_type': 'debit', 'name': 'Employee Benefits', |
264 | 263 | 'parent': None}, |
| 264 | + {'code': '6081', 'role': roles.EXPENSE_OPERATIONAL, 'balance_type': 'debit', 'name': 'Employee Wages', |
| 265 | + 'parent': None}, |
265 | 266 | {'code': '6090', 'role': roles.EXPENSE_OPERATIONAL, 'balance_type': 'debit', 'name': 'Freight', 'parent': None}, |
266 | 267 | {'code': '6110', 'role': roles.EXPENSE_OPERATIONAL, 'balance_type': 'debit', 'name': 'Gifts', 'parent': None}, |
267 | 268 | {'code': '6120', 'role': roles.EXPENSE_OPERATIONAL, 'balance_type': 'debit', 'name': 'Insurance', 'parent': None}, |
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