View source for Methods of coding in accounting systems

There are a number of different [[Coding System|coding systems]] in accounting:

* '''Alphabetical''' - where only [[Letter|letters]] are used.
* '''Numerical''' - where only [[Number|numbers]] are used.
* '''Alpha-numerical''' - where both [[Number|numbers]] and [[Letter|letters]] are used.

== Where coding is used ==

* Each [[Financial Document|financial document]] - [[invoice]], [[Credit Note|credit note]] etc.
* Goods listed on [[Invoice|invoices]] have product codes.
* Each page of the day books are numbered.
* Each account in the [[Receivables (Sales) Ledger|receivables]] and [[Payables (Purchases) Ledger|payables]] ledger have a code followed by the account number (RL and PL).
* General ledger accounts are numbered and often arranged in a specific order:
** 0100 - 1399 - [[Asset|Assets]]
** 2100 - 2399 - [[Liability|Liabilities]]
** 3100 - 3399 - [[Capital]]
** 4100 - 4399 - [[Sale|Sales]]
** 5100 - 5399 - [[Purchase|Purchases]]
** 6100 - 6399 - [[Expense|Expenses]]