1998-09-12 15:48:11 -05:00
|
|
|
<!DOCTYPE HTML PUBLIC "-//IETF//DTD HTML//EN">
|
|
|
|
|
<html>
|
|
|
|
|
<head>
|
|
|
|
|
<title>Account Types</title>
|
|
|
|
|
</head>
|
|
|
|
|
|
|
|
|
|
<body bgcolor=#eeeeee>
|
|
|
|
|
<h1>Account Types</h1>
|
|
|
|
|
<dl>
|
|
|
|
|
<dt><b>Bank</b>
|
|
|
|
|
<dd>The bank account type denotes a savings or checking account
|
|
|
|
|
held at a bank. Often interest bearing.
|
|
|
|
|
<dt><b>Cash</b>
|
|
|
|
|
<dd>The cash account type is used to denote a shoe-box or pillowcase
|
|
|
|
|
stuffed with cash.
|
|
|
|
|
<dt><b>Credit</b>
|
|
|
|
|
<dd>The Credit card account is used to denote credit (e.g. amex) and
|
|
|
|
|
debit (e.g. visa, mastercard) card accounts.
|
|
|
|
|
<dt><b>Asset, Liability</b>
|
|
|
|
|
<dd>Asset and liability accounts indicate generic, generalized accounts
|
|
|
|
|
that are none of the above.
|
|
|
|
|
<dt><b>Stock, Mutual Fund</b>
|
|
|
|
|
<dd>Stock and Mutual Fund accounts will typically be shown in registers
|
|
|
|
|
which show three columns: price, number of shares, and value.
|
|
|
|
|
<dt><b>Income, Expense</b>
|
|
|
|
|
<dd>Income and expense accounts are used to denote income and expenses.
|
|
|
|
|
Thus, when data in these accounts are displayed, the sign of the
|
|
|
|
|
entries is reversed from its usual meaning.
|
|
|
|
|
<dt><b>Equity</b>
|
|
|
|
|
<dd>Equity account is used to balance the balance sheet.
|
|
|
|
|
|
1998-09-17 01:20:34 -05:00
|
|
|
<dt><b>Currency</b>
|
|
|
|
|
<dd>Currency Accounts are used for trading currencies.
|
|
|
|
|
In many ways, they behave like stocks, except that the computation
|
|
|
|
|
of the value is different. Note that transfers cannot be made
|
|
|
|
|
directly between two accounts denominated in different currencies.
|
|
|
|
|
Such transfers may only be made into currency trading accounts.
|
1998-09-20 21:46:20 -05:00
|
|
|
(Safety checks may be a bit broken still ... )
|
1998-09-12 15:48:11 -05:00
|
|
|
</dl>
|
|
|
|
|
</body>
|
|
|
|
|
</html>
|
