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  (c) Ascomp Technologies, 2017

Account

Account definition is used to define account. There are pre-defined accounts in the system as follows:
 
ASSETS
EQUITY AND LIABILITIES
INCOME
EXPENSE
Current Assets
  • Cash Account
  • Bank Account
  • Bank overdraft account
  • Advance Given
  • Loan Given
  • Trade Inventories
  • Manufactured Inventories
  • Intermediate Inventories
  • Waste Inventories
  • By Product Inventories
  • RM Inventories
  • PM Inventories
  • Store Inventories
  • Spares Inventories
  • Other Inventories
  • Debtors
Non Current Assets
  • Buildings
  • Land
  • Equipment
  • Vehicle
  • CWIP
  • Plant & Machinery
  • Vehicle
  • Furniture & Fixture
  • Other Asset
  • Dep. On Buildings
  • Dep. On Land
  • Dep. On Equipment
  • Dep. On Vehicle
  • Dep. On Plant & Machinery
  • Dep. On Vehicle
  • Dep. Furniture & Fixture
  • Dep on other asset
  • Fixed Deposit in Bank
  • Investment in shares
  • Investment in Mutual Fund
  • Investment in Corporate Debt
  • Preoperative
Current Liability
  • Trade Creditors
  • Creditors Other
  • TDS Payable on Salary section 192
  • TDS Payable on Services section 194J
  • TDS Payable on contractor section 194C
  • TDS Payable on Rent Section 194I
  • GST Payable Account
  • GST Receivable
  • GST return
  • VAT Payable Account
  • VAT Receivable
  • Vat Return
  • Income Tax Payable Account
  • TDS Receivable
Non Current Liability
  • Secured Long term Loan Account
  • Secured Short term Loan Account
Capital and Reserves
  • Capital Account
  • Reserve & Surplus Account
 
 
Sales Income
  • Sales Income
Other Income
  • Agriculture Income
  • Commission Income
  • Dividend Income
  • Foreign Exchange Profit
  • Gain on Sales of Asset
  • Interest income
  • Investment Income
  • Investment income with STT
  • Other Income
  • Other Operating Income
  • Rent Income
  • Service Income
     
     
 
Cost of Materials Consumed
  • Cost of goods sold
  • PM Consumption
  • RM Consumption
  • Stock Consumption
Other Expenses
  • Salary Expense
  • Wages
  • Manuacturing
  • Advertising Expense
  • Sales Promotion Expense
  • Other Selling expenses
  • Rent
  • Electricity
  • Communication
  • Conveyance Expenses
  • Travel Expenses
  • Repair & Maintenance Expense
Financial Expenses
  • Interest
  • Bank Charges
Depreciation Expenses
  • Depreciation Expense
 
 
 
Apart from pre-defined account user can also define new accounts.
 
 (Path: Definitions → Masters → Account Definition)
Account
1

Account Ref Id

Enter account refrence Id

2

Account Name

Enter account name
3

Account Par Group Id

   Select account parent group id
4

Account Type

Select the account type