Service Station Chart of Accounts


  • ASSETS
    1. Bank accounts
    2. Cash in transit
    3. Savings accounts
    4. Accounts receivable
    5. Due from stockholder
    6. Prepaid expenses
    7. Gasoline inventory
    8. Cigarettes inventory
    9. Beer inventory
    10. Vending inventory
    11. Deli inventory
    12. Fixed assets
    13. Goodwill
  • LIABILITIES
    1. Accounts payable
    2. Sales tax payable
    3. Payroll taxes payable
    4. Due to stockholder
    5. Long-term liabilities
  • EQUITY
    1. Capital
    2. Personal draws
    3. Opening balance equity
    4. Current year's profit
    5. Retained earnings
  • INCOME
    1. Gasoline
    2. Cigarettes
    3. Beer
    4. Vending
    5. Deli
    6. Car wash
  • COGS
    1. Gasoline
    2. Cigarettes
    3. Beer
    4. Vending
    5. Deli
  • EXPENSES
    1. Officers' compensation
    2. Gross wages
    3. Repairs and maintenance
    4. Bad debt
    5. Rents
    6. Taxes and licenses
    7. Interest expense
    8. Depreciation expense
    9. Advertising
    10. Travel
    11. Entertainment
    12. Auto
    13. Bank charges
    14. Continuing education
    15. Credit card fees
    16. Discounts and refunds
    17. Dues and subscriptions
    18. Equipment rent
    19. Insurance expense
    20. Laundry and uniforms
    21. Office supplies
    22. Shop supplies
    23. Postage and shipping
    24. Security
    25. Small tools
    26. Store supplies
    27. Telephone
    28. Utilities
    29. Drive-offs
    30. Meals-on-site
    31. Cash short (over)
    32. Theft
  • Miscellaneous expenses
  • Other Income
    1. Lottery commission
    2. Cigarette rebates
    3. Other commissions
  • Other Expenses
    1. Section 179 expenses
    2. Charitable contributions

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