You have been given the following list of accounts and cost centers for a group of physician
Question:
You have been given the following list of accounts and cost centers for a group of physician offices that you manage.The accounts are in alphabetical order.Create numbering system for a chart of accounts using a 5-digit numbering system that incorporates the main categories of Assets, Liabilities, Equity, Expenses, and Revenues.You will have sub-accounts under these main headings.You will have to determine if the accounts are considered Assets, Liabilities, Equity, Expenses, or Revenues and indicate that in your file.Provide the definition of each.The cost centers represent the various physician office sites and will be indicated by a modifier.
For example, let's assume you have salaries as an expense.Your numbering system states that all expenses have a 5 digit code starting with 30.Salaries would be indicated by 30100.You could then breakdown salaries by type such as clerical:30101 or physician's assistant: 30102.You will indicate the three cost centers through a two digit modifier.So, a physician's assistant salary at the Bedford Clinic would be 30102-01 and a physician's assistant salary at the Simon Clinic would be 30102-02.breakdown salaries by type such as clerical:30101 or physician's assistant: 30102.You will indicate the three cost centers through a two digit modifier.So, a physician's assistant salary at the Bedford Clinic would be 30102-01 and a physician's assistant salary at the Simon Clinic would be 30102-02.breakdown salaries by type such as clerical:30101 or physician's assistant: 30102.You will indicate the three cost centers through a two digit modifier.So, a physician's assistant salary at the Bedford Clinic would be 30102-01 and a physician's assistant salary at the Simon Clinic would be 30102-02.breakdown salaries by type such as clerical:30101 or physician's assistant: 30102.You will indicate the three cost centers through a two digit modifier.So, a physician's assistant salary at the Bedford Clinic would be 30102-01 and a physician's assistant salary at the Simon Clinic would be 30102-02.breakdown salaries by type such as clerical:30101 or physician's assistant: 30102.You will indicate the three cost centers through a two digit modifier.So, a physician's assistant salary at the Bedford Clinic would be 30102-01 and a physician's assistant salary at the Simon Clinic would be 30102-02.breakdown salaries by type such as clerical:30101 or physician's assistant: 30102.You will indicate the three cost centers through a two digit modifier.So, a physician's assistant salary at the Bedford Clinic would be 30102-01 and a physician's assistant salary at the Simon Clinic would be 30102-02.breakdown salaries by type such as clerical:30101 or physician's assistant: 30102.You will indicate the three cost centers through a two digit modifier.So, a physician's assistant salary at the Bedford Clinic would be 30102-01 and a physician's assistant salary at the Simon Clinic would be 30102-02.breakdown salaries by type such as clerical:30101 or physician's assistant: 30102.You will indicate the three cost centers through a two digit modifier.So, a physician's assistant salary at the Bedford Clinic would be 30102-01 and a physician's assistant salary at the Simon Clinic would be 30102-02.breakdown salaries by type such as clerical:30101 or physician's assistant: 30102.You will indicate the three cost centers through a two digit modifier.So, a physician's assistant salary at the Bedford Clinic would be 30102-01 and a physician's assistant salary at the Simon Clinic would be 30102-02.breakdown salaries by type such as clerical:30101 or physician's assistant: 30102.You will indicate the three cost centers through a two digit modifier.So, a physician's assistant salary at the Bedford Clinic would be 30102-01 and a physician's assistant salary at the Simon Clinic would be 30102-02.breakdown salaries by type such as clerical:30101 or physician's assistant: 30102.You will indicate the three cost centers through a two digit modifier.So, a physician's assistant salary at the Bedford Clinic would be 30102-01 and a physician's assistant salary at the Simon Clinic would be 30102-02.breakdown salaries by type such as clerical:30101 or physician's assistant: 30102.You will indicate the three cost centers through a two digit modifier.So, a physician's assistant salary at the Bedford Clinic would be 30102-01 and a physician's assistant salary at the Simon Clinic would be 30102-02.breakdown salaries by type such as clerical:30101 or physician's assistant: 30102.You will indicate the three cost centers through a two digit modifier.So, a physician's assistant salary at the Bedford Clinic would be 30102-01 and a physician's assistant salary at the Simon Clinic would be 30102-02.breakdown salaries by type such as clerical:30101 or physician's assistant: 30102.You will indicate the three cost centers through a two digit modifier.So, a physician's assistant salary at the Bedford Clinic would be 30102-01 and a physician's assistant salary at the Simon Clinic would be 30102-02.breakdown salaries by type such as clerical:30101 or physician's assistant: 30102.You will indicate the three cost centers through a two digit modifier.So, a physician's assistant salary at the Bedford Clinic would be 30102-01 and a physician's assistant salary at the Simon Clinic would be 30102-02.breakdown salaries by type such as clerical:30101 or physician's assistant: 30102.You will indicate the three cost centers through a two digit modifier.So, a physician's assistant salary at the Bedford Clinic would be 30102-01 and a physician's assistant salary at the Simon Clinic would be 30102-02.Provide an explanation of how you set up your chart of accounts.(10--includes definitions and explanation)
The following is the list of accounts and cost centers from which to create A numbering system.You are to accounts of accounts in Excel.You may want to research some existing charts of accounts to see how to set them up.(40) accounts of accounts chartaccounts of accounts of of chartof ofchartaccounts of accounts of of chartof of