What is NAHB chart of accounts?
The CHART OF ACCOUNTS is the way in which you organize your accounting information. Think of it as the FILING CABINET holding DRAWERS (Level One) into which you place FILE FOLDERS (Level Two) containing DIVIDERS (Level Three) holding financial information about your business.
What are NAHB cost codes?
What are NAHB cost codes? NAHB cost codes are the defined list of codes that are used for tracking, managing, reporting on the amounts, quantities, budgets, profit, and other account information associated with the job. The cost codes have been defined by NAHB (National Association of Home Builders).
What are the 5 basic charts of accounts?
The chart of accounts organizes your finances into five major categories, called accounts: assets, liabilities, equity, revenue and expenses.
What are the 5 main account types in the chart of accounts?
Typical charts of accounts have five primary accounts: assets, liabilities, equity, expenses and revenue. These accounts are used to generate balance sheets and income statements: Income statement = Expense + Revenue accounts.
What is the cost code?
Cost codes are a group of individual costs based on their nature or function. They usually consist of numeric characters with an account title. These make it easier to find the cost of a job. For example, costs related to framing and drywall are classified under Framing Expenses with a cost code of 0001.
What are national building codes?
The National Building Code of India (NBC), a comprehensive building Code, is a national instrument providing guidelines for regulating the building construction activities across the country.
Who writes National building code?
California Building Standards Commission
As part of the Interagency Support Division, oversees development, adoption, approval, publication and implementation of California’s building codes.