medical expenses "chart of accounts"

Level 10 ‎April 26, 2019 05:33 PM. Role of a Company Back Office. The Medical Expenses Spreadsheet a simple tool that can be customized for keeping on top of your healthcare costs, including: doctor, dentist, optometrist, physiotherapy, and medication. 1290 A/REC Allowance for Uncollectible Accounts, 1310 INV – Reserved H��v�6��I��trbNg1Ӆ�e��+D�� 5950 Reserved, 6010 Advertising Expense By doing so, you make consolidation easier. tU�haa`�� @�� endstream endobj 27 0 obj 92 endobj 11 0 obj << /Type /Page /Parent 6 0 R /Resources 12 0 R /Contents 18 0 R /MediaBox [ 0 0 612 792 ] /CropBox [ 0 0 612 792 ] /Rotate 0 >> endobj 12 0 obj << /ProcSet [ /PDF /Text ] /Font << /TT2 14 0 R /TT4 16 0 R /TT6 19 0 R >> /ExtGState << /GS1 21 0 R >> /ColorSpace << /Cs6 17 0 R >> >> endobj 13 0 obj << /Type /FontDescriptor /Ascent 891 /CapHeight 656 /Descent -216 /Flags 34 /FontBBox [ -568 -307 2028 1007 ] /FontName /ACKGCK+TimesNewRoman /ItalicAngle 0 /StemV 94 /XHeight 0 /FontFile2 23 0 R >> endobj 14 0 obj << /Type /Font /Subtype /TrueType /FirstChar 32 /LastChar 117 /Widths [ 250 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 722 0 722 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 556 0 0 0 0 0 0 0 0 0 0 0 0 0 500 0 444 0 444 333 0 556 0 0 0 278 833 556 500 556 0 444 389 333 556 ] /Encoding /WinAnsiEncoding /BaseFont /ACKGAK+TimesNewRoman,Bold /FontDescriptor 15 0 R >> endobj 15 0 obj << /Type /FontDescriptor /Ascent 891 /CapHeight 0 /Descent -216 /Flags 34 /FontBBox [ -558 -307 2034 1026 ] /FontName /ACKGAK+TimesNewRoman,Bold /ItalicAngle 0 /StemV 133 /FontFile2 22 0 R >> endobj 16 0 obj << /Type /Font /Subtype /TrueType /FirstChar 32 /LastChar 150 /Widths [ 250 0 0 0 0 0 778 0 333 333 0 0 0 333 0 278 500 500 500 500 500 500 500 500 500 500 0 0 0 0 0 0 0 722 0 667 722 611 0 722 722 333 0 0 611 889 722 722 556 0 667 556 611 722 722 944 0 0 0 0 0 0 0 0 0 444 500 444 500 444 333 500 500 278 0 500 278 778 500 500 500 500 333 389 278 500 500 0 500 500 444 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 500 ] /Encoding /WinAnsiEncoding /BaseFont /ACKGCK+TimesNewRoman /FontDescriptor 13 0 R >> endobj 17 0 obj [ /ICCBased 25 0 R ] endobj 18 0 obj << /Length 1211 /Filter /FlateDecode >> stream The Balance Sheet Accounts (Assets, Liabilities, & Equity) are presented first, followed by the Income Statement Accounts (Revenues & Expenses). The medical expense tax credit is a non-refundable tax credit that you can use to reduce the tax that you paid or may have to pay. 2530 Accrued – Franchise Taxes 1220 A/REC Trade Notes Receivable 2220 Accrued – Commissions 0000000998 00000 n 2240 Accrued – Unemployment Taxes 1640 ACCUM DEPR Computer Equipment 4900 Sales Returns and Allowances 0000001959 00000 n Supplies Expense - cost of supplies (ball pens, ink, paper, spare parts, etc.) 0000048186 00000 n 1330 INV – Finished Goods 1520 PPE – Machinery & Equipment 6150 Bad Debt Expense 1230 A/REC Installment Receivables The standard chart of accounts list of categories may include the following: (See the following standard chart of accounts example below). Whereas, if a company is more sophisticated, then the chart of accounts can be either paper-based or computer-based. 1440 PREPAID – Rent These expenses include a wide range of products, procedures and services, such as: . 4700 Other Income Refer to the following sample chart of accounts. 11. Non-Profits have a different way of looking at things, though there are similarities between them and their 'for-profit cousins'. An expense that is one-off is labeled as Other Expense. 3500 Member Contributions 6300 Commission Expense Use a chart of, the basic chart of accounts for any subsidiary. used by the business. 7400 Taxes – FIT Expense Here’s what a chart of accounts looks like. 6950 Office Expense 2320 Accrued – Interest We will offer suggestions as to how to structure the chart of accounts for each group in two separate blog entries. Expenses by nature. Operating expenses are related to selling goods and services and include sales salaries, advertising, and shop rent. You can use the following example of chart of accounts to set up the general ledger of most companies. In conclusion, the standard chart of account is useful for, past transactions and using historical data to, your COA to your industry by adding to the. 3900 Retained Earnings, 4010 REVENUE – PRODUCT 1 Suppose an employee incurs travel costs of 200 and submits an expense claim for reimbursement of the amount at the end of the month. The Income Statement portion of the chart of accounts normally begins by listing Revenue Accounts followed by the Expense Accounts. 1450 PREPAID – Deposits, 1510 PPE – Buildings An outline of the required Chart of Accounts for hospitals is presented in this section along with an The Art of the CFO: Virtual Financial Leadership Workshop, click here to learn more about the premier financial leadership development platform. 1420 PREPAID – Real Estate Taxes 1560 PPE – Leasehold Improvements, 1610 ACCUM DEPR Buildings 0000004506 00000 n The standard chart of accounts list of categories may include the following: The standard chart of accounts is also called the uniform chart of accounts. 6750 Professional Fees General and administrative expenses include expenses incurred while running the core line of the business and include executive salaries, R&D, travel and training, and IT expenses. Depending on the size of the company, the chart of accounts may include either few dozen accounts or a few thousand accounts. The Category Accounts and categories are customizable in StudioCloud but the Category Account Types are not. �M. 0000004808 00000 n 0000001330 00000 n 1620 ACCUM DEPR Machinery & Equipment Problems in Chart of Accounts Design or related entities. Sample Chart of Accounts Account Category Account Code Account Title Current Assets 1000 Cash 1020 Accounts Receivable 1040 Inventory – Work in Progress 1060 Prepayments Property, Plant & Equipment 1100 Equipment – Lab 1101 Accumulated Depreciation – Lab Equipment 1110 Equipment – … The owner would need to substantiate his mileage log to account for business use of the vehicle and related expenses should you be audited.. 1 Cheer Reply Join the conversation. Medical Services: Expense for payment of medical services. 0000000815 00000 n 1340 INV – Reserved The first topic of discussion is Income and Expense that are represented on your Profit and Loss statement. By doing so, you make consolidation easier. Sub-Group. 4030 REVENUE – PRODUCT 3 The step-by-step plan to set your prices to maximize profits. 6800 License Expense 0000002764 00000 n 2340 Accrued – Warranty Expense, 2510 Accrued – Federal Income Taxes 7200 Rent The chart of accounts categories fall under a few basic groups: income and expense, assets, liabilities and equity accounts. Click here to access your Execution Plan. Use a chart of accounts template to prepare the basic chart of accounts for any subsidiary companies or related entities. Concept for a company is more sophisticated, then the chart of accounts is a cost is necessarily.: Consistency larger corporate expenses about SCFO Labs [ /box ] that the standard chart of accounts to suit! 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