Default Account Classification (System) codes

Alerts and notices

Refer to the tables below for Account Classification (System) codes, subcodes, and default account types.

Notes

  • Account classification codes must be assigned to an account in order for the account to be mapped to an account type.
  • AdvanceFlow has five account types: A = Asset, L = Liability, Q = Equity, R = Revenue, and E = Expense.
  • AdvanceFlow uses the R and E account types to calculate net income (loss) value that is displayed on the Trial Balance tab.
  • You cannot modify these codes, subcodes, or descriptions, but you can modify the account type mapping.
Code Code description Subcode Subcode description Account Type
CA Current assets CASH Cash and equivalents A
MS Marketable securities A
AR Accounts receivable A
ADA Allowance for doubtful accounts A
INV Inventory A
PE Prepaid expenses A
OCA Other current assets A
FA Fixed assets EQUIP Computers and equipment A
BUILD Buildings A
AD Accumulated depreciation A
LAND Land A
NON Non-depreciable property and equipment A
NCA Non-current assets LT Long-term investments A
IA Intangible assets A
ONCA Other non-current assets A
CL Current liabilities AP Accounts payable L
CUR Current portion of long-term debt L
NP Notes payable L
AL Accrued liabilities L
COMP Compensation L
INT Interest payable L
TAX Income taxes payable L
PTP Payroll taxes payable L
OCL Other current liabilities L
LTL Long-term liabilities LTD Long-term debt L
DEF Deferred income taxes L
OLTL Other long-term liabilities L
EQ Equity CS Capital stock Q
CAPC Capital contributions Q
CAPW Capital withdrawals Q
APIC Additional paid in capital Q
TS Treasury stock Q
PE Partnership equity Q
RE Retained earnings Q
OE Other equity Q
DIV Dividends Q
INC Income SALE Sales revenue R
RET Returns and allowances R
COS Cost of sales COS Cost of sales E
EXP Operating expenses GEN General and administrative expenses E
SE Selling expenses E
RM Repairs and maintenance E
DEP Depreciation expense E
OC Owners compensation E
OOE Other operating expense E
PAY Payroll E
OI Other income GAIN Gain on sale R
INT Interest income R
OI Other income R
OE Other expenses LOSS Loss on sale E
OE Other expenses E
INT Interest expense INT Interest expense E
TAX Provision for income taxes TAX Provision for income taxes E
MEMO Memo MEMO Memo M

 

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