New Account Window
    
    - Bank, Cash, Portfolio, Mutual Fund and Asset accounts are considered to be "assets"
    
- Credit Card and Liability accounts are considered to be "liabilities"
    
    A "typical" chart of accounts is shown below. It is a combination of 
    some typical business and personal accounts.
    
    
    - Assets
        
        - Cash On Hand
            
            - Checking account
            
- Money Market Account
            
- Certificate of Deposit
            
 
- Fixed Assets
            
            - Furniture
            
- Computers
            
- Jewelry, Collectibles
            
- Tools, Machinery
            
 
- Investments
            
            - Stocks
            
- Bonds
            
- Mutual Funds
            
- Real Estate
            
 
 
- Liabilities
        
        - Taxes
            
            - Federal Income Tax
            
- Social Security
            
- Medicare
            
- FUTA
            
- State Income Tax
            
 
- Accounts Payable
            
            - MasterCard
            
- Visa
            
- American Express
            
- Diner's Club
            
 
- Loans
            
            - Debentures
            
- School Loan
            
- Uncle Harry's Tide-me-over
            
 
 
- Equity
        
        - Retained Earnings
        
- Current Year Earnings
        
- Historical Adjustments
        
 
- Income
        
        - Interest Income
            
            - Bank Account Interest
            
- Certificate of Deposit
            
- Bond Interest
            
 
- Dividends
            
        
- Consulting
            
            - ABC Design
            
- PQR Infomatics
            
 
- Salary
            
        
- Commissions
            
        
 
- Expenses
        
        - Rent and Utilities
            
            - Rent
            
- Rent Late Fees
            
- Electricity
            
- Gas
            
- Phone
            
- Internet
            
- Cable TV
            
 
- Office Expenses
            
            - Accounting
            
- Legal
            
- Software
            
- Postage
            
- Bank Charges
            
- Credit Card Charges
            
- Toner, Paper, Paper Clips
            
 
- Auto Expenses
            
            - Gas
            
- Insurance
            
- Repair
            
- Rental
            
 
- Taxes
            
            - Social Security
            
- Unemployment
            
- IRS penalties
            
 
- Wages & Salaries
            
            - Consulting
            
- Wages
            
- Health Insurance
            
 
- Travel
            
        
- Marketing
            
            - Advertising
            
- Trade Shows
            
- Give Aways
            
 
 
    Reports
    There are two types of reports: a "Balance Sheet" and 
    a "Profit and Loss Statement".
    
    A Balance Sheet shows Assets, Liabilities and Equity.  The sum of 
    all assets should equal the sum of Liabilities and Equity.
    
    A Profit and Loss Statement shows Income and Expenses.  The
    sum of all Income minus all expenses is the Profit or Loss.
    
 
    The change in Equity from day to day (year to year) should 
    equal that day's (year's) profit or loss.