Appendix O
Typical Construction Company General Ledger Accounts
| Assets | ||
| 10. | Petty Cash | |
| 11. | Bank Deposits | |
| .1 | General Bank Account | |
| .2 | Payroll Bank Account | |
| .3 | Project Bank Accounts | |
| .4 | ||
| 12. | Accounts Receivable | |
| .1 | ||
| .2 | Parent, Associated, or Affiliated Companies | |
| .3 | Notes Receivable | |
| .4 | Employees' Accounts | |
| .5 | Sundry Debtors | |
| .6 | ||
| 13. | Deferred Receivables | |
| All construction contracts are charged to this account, being diminished by progress payments as received. This account is offset by Account 4X.0, Deferred Income. | ||
| 14. | Property, Plant, and Equipment | |
| Property and General Plant | ||
| .100 | Real Estate and Improvements | |
| .200 | Leasehold Improvements | |
| .300 | Shops and Yards | |
| Mobile Equipment | ||
| .400 | Motor Vehicles | |
| .500 | Tractors | |
| .01 | Repairs, parts, and labor | |
| .05 | Outside service | |
| .12 | Tire replacement | |
| .15 | Tire repair | |
| .20 | Fuel | |
| .25 | Oil, lubricants, filters | |
| .30 | Licenses, permits | |
| .35 | Depreciation | |
| .40 | Insurance | |
| .45 | Taxes | |
| .510 | Power shovel s | |
| .520 | Bottom Dumps | |
| .525 | ||
| Stationary Equipment | ||
| .530 | Concrete Mixing Plant | |
| .540 | Concrete Pavers | |
| .550 | Air Compressors | |
| .560 | ||
| Small Power Tools and Portable Equipment | ||
| .600 | Welders | |
| .610 | Concrete Power Buggies | |
| .620 | Electric Drills | |
| .630 | ||
| Marine Equipment | ||
| .700 | ||
| Miscellaneous Construction Equipment | ||
| .800 | Scaffolding | |
| .810 | Concrete Forms | |
| .820 | Wheelbarrows | |
| .830 | ||
| Office and Engineering Equipment | ||
| .900 | Office Equipment | |
| .910 | Office Furniture | |
| .920 | Engineering Instruments | |
| .930 | ||
| 15. | Reserve for Depreciation | |
| 16. | Amortization for Leasehold | |
| 17. | Inventory of Materials and Supplies | |
| .1 | Lumber | |
| .2 | Hand Shovels | |
| .3 | Spare Parts | |
| .4 | ||
| These accounts show the values of all expendable materials and supplies. Charges against these accounts are made by authenticated requisitions showing project where used. | ||
| 18. | Returnable Deposits | |
| .1 | Plan Deposits | |
| .2 | Utilities | |
| .3 | ||
| 19. | Prepaid Expenses | |
| .1 | Insurance | |
| .2 | Bonds | |
| .3 | ||
| Liabilities | ||
| 40. | Accounts Payable | |
| 41. | Subcontracts Payable | |
| 42. | Notes Payable | |
| 43. | Interest Payable | |
| 44. | Contracts Payable | |
| 45. | Taxes Payable | |
| .1 | Old-Age, Survivors, and Disability Insurance (withheld from employees' pay) | |
| .2 | Federal Income Taxes (withheld from employees' pay) | |
| .3 | State Income Taxes (withheld from employees' pay) | |
| .4 | ||
| 46. | Accrued Expenses | |
| .1 | Wages and Salaries | |
| .2 | Old-Age, Survivors, and Disability Insurance (employer's portion) | |
| .3 | Federal Unemployment Tax | |
| .4 | State Unemployment Tax | |
| .51 | Payroll Insurance (public liability and property damage) | |
| .52 | Payroll Insurance (workers' compensation) | |
| .6 | Interest | |
| .7 | ||
| 47. | Payrolls Payable | |
| 48. | Deferred Income | |
| 49. | Advances by Clients | |
| Net Worth | ||
| 50. | Capital Stock | |
| 51. | Earned Surplus | |
| 52. | Paid-in-Surplus | |
| 53. | ||
| Income | ||
| 70. | Income Accounts | |
| .101 | Project Income | |
| .102 | ||
| .2 | Cash Discount Earned | |
| .3 | Profit or Loss from Sale of Capital Assets | |
| .4 | Equipment Rental Income | |
| .5 | Interest Income | |
| .6 | Other Income | |
| Expense | ||
| 80. | Project Expense (Expenses directly chargeable to the projects. See Figure 12.1.) | |
| .100 | Project Work Accounts | |
| .700 | Project Overhead Accounts | |
| These are control accounts for the detail project cost accounts that are | ||
| 81. | Office Expense | |
| .10 | Office Salaries | |
| .11 | Insurance on Property and Equipment | |
| .20 | Donations | |
| .2 1 | Utilities | |
| .22 | Telephone and Telegraph | |
| .23 | Postage | |
| .30 | Repairs and Maintenance | |
| 82. | Yard and Warehouse Expense (not assignable to a particular project) | |
| .10 | Yard Salaries | |
| .11 | Yard Supplies | |
| 83. | Estimating Department Expense Accounts | |
| .10 | Estimating Salaries | |
| .11 | Estimating Supplies | |
| .12 | Estimating Travel | |
| 84. | Engineering Department Expense Accounts | |
| .10 | ||
| 85. | Cost of Equipment Ownership | |
| .1 | Depreciation | |
| .2 | Interest | |
| .3 | Taxes and Licenses | |
| .4 | Insurance | |
| .5 | Storage | |
| 86. | Loss on Bad Debts | |
| 87. | Interest | |
| 90. | Expense on Office Employees | |
| .1 | Workers' Compensation Insurance | |
| .2 | Old-Age, Survivors, and Disability Insurance | |
| .3 | Employees' Insurance | |
| .4 | Other Insurance | |
| .5 | Federal and State Unemployment Taxes | |
| .6 | ||
| 91. | Taxes and Licenses | |
| .1 | Sales Taxes | |
| .2 | Compensating Taxes | |
| .3 | State Income Taxes | |
| .4 | Federal Income Taxes | |
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