Where to Map your Financials

Mapping your financial data

This page will guide you where a ledger account will be mapped in Profit diagnostix

Navigation: Go to main menu → Settings → Setup Wizard → Financials

 

 

Below is a list of example ledger accounts mapped to a field.

They can differ slightly as Xero, MYOB and Bookkeepers set up accounts/general ledgers with different names.

  1. Revenue-Income
    Income | Sales | 2000
    Income | Sales - Cash, chq | 2001
    Income | Merchant and Deposits | 4-1100

    Examples



  2. Other Income
    Income | Commission - Cemetery | 4-6500
    Income | Interest Income | 2700
    Income | FBT Reimbursement | 81440
    Income | Goodwill Cashback | 81500
    Income | Distributions Rec | 81250
    Income | ATO Cash Flow Boost (CFB) | 2655
    Income | Distributions from Trust | 2500
    Income | Profit from sale of Assets | 2900
    Income | DETR - education for employees | 2602
    Income | FBT Employee Contribution | 275

    Examples

     

  3. Rebates
    Income | Rebates | 2700

    Examples

     

  4. Wage Subsidies
    Income | Govt. Grants - Staff | 4-4111
    Income | Paid Parental leave Payments recd | 2600
    Income | Maternity Leave - Gov Contribution | 62331
    Income | Workcover Reimbursement | 232
    Income | Trainee Subsidies from Government | 203
    Income | Jury Service Allowance Received | 2602

    Examples



  5. Staff Hire Income

     

  6. Cost of Sales - COGS
    Expense | Cremation and Clinical waste | 3009
    Expense | Drugs & Purchases | 3005
    Expense | Lab & Pathology | 3008
    Expense | Oxygen | 3006

    Examples



  7. Directors fees, owners and Associated Persons Wages
    Expense | Wages and Salaries Associated persons | 5404
    Expense | Shareholder Salaries - Vet | 476
    Expense | Superannuation Associated persons | 5423
    Expense | Dividend Paid or Provided | 5950

    Examples

     

  8. Wages
    Expense | Wages and Salaries Nurses | 5401
    Expense | Wages and Salaries Veterinarians | 5402
    Expense | Wages and Salaries Support Staff | 5403
    Expense | Wages and Salaries | 5404
    Expense | Superannuation | 6210
    Expense | Groomer | 4300
    Expense | Locum Nurse | 5411
    Expense | Locum Veterinary Fees | 5410

    Examples

     

  9. Rent
    Expense | Rent | 4690

    Examples

     

  10. Depreciation Lease Interest Expenses
    Expense | Depreciation | 4160
    Expense | Equipment Hire | 4205
    Expense | Borrowing expenses | 4160
    Expense | Amortisation Expense | 402

    Examples



  11. Operational Expenses
    Expense | Accountancy fee | 6300
    Expense | Staff training and Conferences | 6560

    Expense | subscription | 6600
    Expense | Professional Liability Insurance | 6300
    Expense | Specialist Fees | 6700
    Expense | Travel and Accommodation | 6800
    Expense | Workers Compensation | 5430


    Examples



  12. Non Business Expenses
    Expense | Motor Vehicle Expenses | 450
    Expense | Payroll Tax | 5407 ( because comparing practices has to be the same. ) Could be in wages ??
    Expense | Donations | 417
    Expense | Filing fees | 6270
    Expense | Closing Stock | 276
    Expense | Opening Stock | 270
    Expense | Unrealised Currency Gains | 498
    Expense | Prior Period losses applied | 5850
    Expense | Bank Revaluations | 497
    Expense | Formation expenses | 4244
    Expense | Income Tax Expense | 5900
    Expense | Goodwill license Fee | 61075 *****
    Regions vary

    Examples


    PST Provincial sales tax (BC)

 

 

 

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