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Advantage Salon Software and Spa Software Support Page 55

 55)Chart of Accounts in Advantage Salon Software and Spa Software Management System


ADVANTAGE Salon Software and Spa Software divides the Chart of Accounts into the five main account categories.  These categories are Assets, Liabilities, Equity, Income and Expense accounts. You can also review all accounts by selecting the all tab.


                                        1.  Asset Accounts - things of value owned by the business.
                                        2.  Liability Accounts - amounts owed to outsiders.
                                        3.  Owner's Equity Accounts - amounts owed by the business to its owners (profit).  If the business 
                                             loses money the owners may owe additional money to the business.
                                        4.  Revenue Accounts - Sources of income.
                                        5.  Expense Accounts - Payments necessary to run the business.


To add an account, select the plus icon on the tool bar found on the top of the screen.  A General Ledger account is a combination of the account number and the department.  You can use the same account number for a different account if you have a different department for each account.  The power is in essence the ability to have accounts departmentalized.  For instance you can have an account called Sales numbered 5000 with department 10 for Retail and another sales account number 5000 but with department called 20.  Review the following examples to explain best.


            Account       Name                    Department

            5000          Sales Retail               10 (Retail)

            5000          Sales Services                20 (Services)

            6010          Cost of Goods Sold –Retail      10 (Retail)

            6010          Cost of Goods Sold – Service      20 (Service)


This ability is great because it allows you the capability to perform department and consolidated reporting for financial reports.


Advantage Salon Software and Spa Software Support Page 55

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Advantage Software is a Salon Software Program, Medispa Program and Spa Management Software Great for Hair Salons, Day Spas, Nail Salons, Tanning Salons Advantage Salon and Spa Software is  designed by Aknaf Software Inc.  Visit Aknaf Software Accounting Software Website at

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