From the course: QuickBooks Pro 2021 Essential Training

Unlock the full course today

Join today to access over 22,600 courses taught by industry experts or purchase this course individually.

Work with the chart of accounts

Work with the chart of accounts - QuickBooks Pro Tutorial

From the course: QuickBooks Pro 2021 Essential Training

Start my 1-month free trial

Work with the chart of accounts

“

- [Instructor] When I set my new company up I showed you how to choose an industry that's close to the one you're setting up as this is how QuickBooks chooses the default accounts to get you started. I mentioned that you can change these or add some at any time, and let's do that now. If you're going to be following along with the exercise files it's important to note that these files are only available to work with the US version of QuickBooks and you do need QuickBooks installed on your computer first. I'll go ahead and select the Chart of Accounts on the right-hand side. Here I can see a list of starting accounts that you have in the company file that we created. These accounts are created so that you can match a line-item transaction such as a deposit or an expense and match it up to a business account such as advertising costs or legal fees. This way when it's tax time it's easy to see what your legitimate business…

Contents