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  • Activity 1 - Updating the accounts list ~AR~

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  1. Add this account

    TypeNumberNameTax
    Cost of Sales5-2000Equipment HireS15
  2. Delete these accounts

    TypeNumberName
    Liability2-1130AMEX #1
    Liability2-1140Visa #2
  3. Rename these accounts and leave the tax codes as they are.

    TypeNumberCurrent NameNew name
    Asset1-2100Cheque accountTools & Equipment
    Asset1-2110Furniture at CostTools & Equipment at Cost
    Asset1-2120Accum. Depr. FurnitureAccum. Depr. Tools & Equipment
    Expense6-2000 Parking/Tolls ExpensesRent
    Expense6-2800 Waste RemovalStaff Amenities