Specifications

Computer Tutorial 3 Lesson 2  17
4. Review your Chart of Accounts report, noting several things:
 The date and time the printout was created is shown at the top left of the report.
This date is derived from the computer system and is not dependent on the date
you entered when you logged in.
 Below the title, the criteria for printing the chart of accounts are stated. If you do
not see all the accounts you expected to see, this is the first place to check to
confirm whether you have specified the correct criteria.
 Below the criteria is the body of the report, which includes the details of the
accounts. Notice that:

The first column contains the account number. The account code numbers are
not consecutive. For example, account 1000 is Petty cash, but the next account,
account 1020, is Bank account, operating. The gap between account numbers
allows you to add accounts without completely reorganizing the chart of
accounts.

Accounts 1000 to 3300 follow the order found on a balance sheet, while
accounts 3500 to 9999 follow the order found on an income statement.
Although the program enables you to organize your chart of accounts as you
wish, it is generally advisable to follow the order of the balance sheet and
income statement.

The next column contains the account description, which is the account name
that will appear in financial reports.

The next column indicates whether the account is active. Inactive accounts are
usually slated for deletion. All the accounts set up should be active at this time.