howard speaks column Chart of Accounts Balance Sheet Asset Accounts Statement of Income: Operating Expenses/Fixed (Other operating expenses) (Bank accounts and lists of what you own, and/or what someone owes you) Account ID 11051 11120 11200 12000 12010 12020 12030 12040 12050 12060 12070 Account Description Checking Account Savings Account Employee Advances Dental Equipment Accumulated Depreciation Computer Equipment Computer Software Accumulated Depreciation Office Equipment (Furniture & Fixtures) Accumulated Depreciation-Equipment Remodel-T&I Work Account Type Cash Cash Other Current Assets Fixed Assets Accumulated Depreciation Fixed Assets Fixed Assets Accumulated Depreciation Fixed Assets Accumulated Depreciation Fixed Assets Balance Sheet Liability Accounts (What your practice owes, and also holding accounts for taxes) 12930 13030 13031 13040 13041 13050 13051 13052 13053 13402 13403 13404 13405 Suspense-Clearing Account Federal Payroll Taxes Payable FUTA Payroll Taxes State Payroll Taxes Payable SUTA Payroll Taxes 401(k) Deductions Payable Short-Term Disability Insurance Payable-125 pl Health Insurance Payable-125 pl 401(k) Loan Holding Account L.O.C. Loan Equipment Lease Land/Building Loan Equipment/Working Capital Loan Other Current Liabilities Other Current Liabilities Other Current Liabilities Other Current Liabilities Other Current Liabilities Other Current Liabilities Other Current Liabilities Other Current Liabilities Other Current Liabilities Long-Term Liabilities Long-Term Liabilities Long-Term Liabilities Long-Term Liabilities Balance Sheet Capital Accounts (What your company is worth for tax purposes) 39003 39004 39005 39006 Quarterly Profit Distribution Add'l Paid in Capital Retained Earnings Capital Stock Equity: Gets closed Equity: Gets closed Equity: Retained Earnings Equity: Gets closed Statement of Income: Income Accounts 40000 40200 40400 40600 49000 49001 49003 Income Insurance Refunds Patient Refunds NSF Checks Interest Paid by Insurance Company Interest Paid by Bank (Savings) Sale of Used Dental Equipment Income Income Income Income Income Income Income Statement of Income: Operating Expenses/Variable (Wages and all benefits) 51000 51100 51101 51102 51103 52000 52100 52101 52102 53000 53100 53101 53102 54000 54100 54101 54102 Dentist Wages Dentist Payroll Taxes Dentist Health Insurance Dentist 401(k) Matching Dentists' Malpractice Insurance Front Office Wages Front Office Payroll Taxes Front Office Health Insurance Front Office 401(k) Matching Hygienist Wages Hygienist Payroll Taxes Hygienist Health Insurance Hygienist 401(k) Matching Paradental Wages Paradental Payroll Taxes Paradental Health Insurance Paradental 401(k) Matching Variable Operating Expenses Variable Operating Expenses Variable Operating Expenses Variable Operating Expenses Variable Operating Expenses Variable Operating Expenses Variable Operating Expenses Variable Operating Expenses Variable Operating Expenses Variable Operating Expenses Variable Operating Expenses Variable Operating Expenses Variable Operating Expenses Variable Operating Expenses Variable Operating Expenses Variable Operating Expenses Variable Operating Expenses Statement of Income: Operating Expenses/Variable (These expenses should directly relate to cost of business) 57000 58000 Lab Fees Sundries Variable Operating Expenses Variable Operating Expenses Statement of Income: Operating Expenses/Fixed (Marketing expenses) 71000 71100 71102 71103 71104 71105 Marketing Marketing-Direct Mail Marketing-Help Wanted Marketing-Promotional Ads Marketing-Yellow Pages Marketing-In-Office Promotions Fixed Operating Expenses Fixed Operating Expenses Fixed Operating Expenses Fixed Operating Expenses Fixed Operating Expenses Fixed Operating Expenses Statement of Income: Operating Expenses/Fixed (Depreciation) 71200 71210 12 Depreciation Expense Amortization Expense SEPTEMBER 2019 // dentaltown.com Fixed Operating Expenses Fixed Operating Expenses Account ID 71300 71301 71400 71500 71501 71502 71600 71601 71700 71703 71800 72100 72200 72250 72300 72400 72500 72600 72601 72602 72603 72605 72606 72700 72701 72702 72703 72800 72900 73000 73100 73110 73200 73300 73400 73500 73501 73502 73503 73504 73600 Account Description Bank Charges Bank Card Charges (Merch Proc) Charitable Contributions Computer Supplies & Software Tech Support License Purchase/Renewal Software Services (SAAS) Domain Renewal Fees Continuing Education Team Building Education Contract Labor Donations Dues & Subscriptions Educational Materials Equipment Maintenance Equipment Purchase Equipment Lease Insurance Disability Insurance Officer's Health Insurance Liability Insurance Umbrella Insurance Workmans Compensation Insurance Interest Expense Federal Interest Expense Finance Charges (Credit Card Interest) Loan Interest Licenses, Permits & Fees Loan Fees Miscellaneous Office Supplies Office Aesthetics Petty Cash Postage & Delivery Printing & Reproduction Professional Fees Accounting Fees Consulting Fees Legal Fees Management Fees Promotional Expense Account Type Fixed Operating Expenses Fixed Operating Expenses Fixed Operating Expenses Fixed Operating Expenses Fixed Operating Expenses Fixed Operating Expenses Fixed Operating Expenses Fixed Operating Expenses Fixed Operating Expenses Fixed Operating Expenses Fixed Operating Expenses Fixed Operating Expenses Fixed Operating Expenses Fixed Operating Expenses Fixed Operating Expenses Fixed Operating Expenses Fixed Operating Expenses Fixed Operating Expenses Fixed Operating Expenses Fixed Operating Expenses Fixed Operating Expenses Fixed Operating Expenses Fixed Operating Expenses Fixed Operating Expenses Fixed Operating Expenses Fixed Operating Expenses Fixed Operating Expenses Fixed Operating Expenses Fixed Operating Expenses Fixed Operating Expenses Fixed Operating Expenses Fixed Operating Expenses Fixed Operating Expenses Fixed Operating Expenses Fixed Operating Expenses Fixed Operating Expenses Fixed Operating Expenses Fixed Operating Expenses Fixed Operating Expenses Fixed Operating Expenses Fixed Operating Expenses Statement of Income: Operating Expenses/Fixed (Facility expenses) 73700 73800 73801 73802 73803 73804 73807 73850 73851 73852 73853 73854 73855 73856 73857 73858 Rent Repairs & Maintenance Building Repairs Cleaning and Linen Service Common Area Maintenance Security System Exterminating Utilities Cable TV Electric Water Waste Maintenance Property Taxes City Sales/Use Tax State Sales/Use Tax Sales Tax /Rent or Lease Fixed Operating Expenses Fixed Operating Expenses Fixed Operating Expenses Fixed Operating Expenses Fixed Operating Expenses Fixed Operating Expenses Fixed Operating Expenses Fixed Operating Expenses Fixed Operating Expenses Fixed Operating Expenses Fixed Operating Expenses Fixed Operating Expenses Fixed Operating Expenses Fixed Operating Expenses Fixed Operating Expenses Fixed Operating Expenses Statement of Income: Operating Expenses/Fixed (Selling, general & administrative fees) 73900 74000 74104 74200 74220 74225 74250 74275 74300 74400 74410 81500 89500 Staff Meeting Expense Taxes DES Taxes: Job Training/Spec Team Perquisites Team Perqs-Individual Team Perqs-Holiday Team Perqs-Goal Gifts Team Perqs-Trips Telephone Uniform Expense-Back Office Uniform Expense-Front Office Voided Checks Wall Products Fixed Operating Expenses Fixed Operating Expenses Fixed Operating Expenses Fixed Operating Expenses Fixed Operating Expenses Fixed Operating Expenses Fixed Operating Expenses Fixed Operating Expenses Fixed Operating Expenses Fixed Operating Expenses Fixed Operating Expenses Fixed Operating Expenses Fixed Operating Expenseshttp://www.dentaltown.com