Importing a File Formatted for Sage 50 Accounting

* Account type can be:

H - Group Heading

A - Subgroup Account

G - Group Account

S - Subgroup Total

T - Group Total

** Account class can be asset , liability, equity, revenue or expense:

• Asset account class can be:

Asset, Cash, Bank, Credit Card Receivable, Cash Equivalents, Marketable Securities, Accounts Receivable, Other Receivables, Allowance for Bad Debts, Inventory, Current Asset, Other Current Asset, Long Term Receivables, Other Long Term Investments, Capital Asset, Accum. Amort. & Depreciation, Other Non-Current Asset, Other Asset.

• Liability account class can be:

Liability, Cash, Bank, Credit Card Payable, Accounts Payable, Other Payable, Sales Tax Payable, Payroll Tax Payable, Employee Deductions Payable, Income Tax Payable, Short Term Debt, Current Liability, Other Current Liability, Other Non-Current Liability, Debt, Deferred Revenue, Long Term Debt, Deferred Income Taxes, Long Term Liability, Other Liability.

• Equity account class can be:

Equity, Cash, Bank, Credit Card Payable, Owner/Partner Contributions, Owner/Partner Withdrawals, Share Capital, Dividends, Retained Earnings, Current Earnings.

• Revenue account class can be:

Revenue, Operating Revenue, Non-Operating Revenue, Farming Revenue, Gain, Extraordinary Gain.

• Expense account class can be:

Expense, Cost of Goods Sold, Operating Expense, General & Admin. Expense, Amort./Depreciation Expense, Bad Debt Expense, Employee Benefits, Payroll Expense,Interest Expense, Income Tax Expense, Non-Operating Expense, Loss, Extraordinary Loss.

*  If no currency code, then use the home currency.

*  If no currency code, then use the home currency.

**  Customer type can be Regular or Preferred.

*  Item type can be Inventory, or Service, (or Activity (Sage 50 Premium Accounting)).