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QuickBooks: Chart of Accounts
Understand how to use the chart of accounts in QuickBooksPreview the first lesson free — get full access to all 11 lessons.
Intermediate Provider : Cindy McGuckin 11 Lessons · 46m in English
Course Description
Chart of Accounts
This course will cover how to set up every type of account within the chart of accounts in QuickBooks. The chart of accounts the most important part of QuickBooks, as it is all of your accounts and reports for your business gathered into one location. You will learn every type of account within the chart of accounts and how to use them, as well as how to set up a profit and loss or balance report for your accounts.
Learning Objectives
What You'll Learn
- Set up every type of account within the QuickBooks chart of accounts
- Differentiate between account types including bank, asset, credit card, equity, income, cost of goods sold, and expense accounts
- Use specific accounts correctly for your business
- Set up and use reports for your accounts
- Build a Profit and Loss report in QuickBooks
- Build a Balance Sheet report in QuickBooks
Key Takeaways
- The chart of accounts is the most important part of QuickBooks because it gathers all of your business accounts and reports into one location.
- The course covers how to set up every type of account within the chart of accounts in QuickBooks.
- Account types covered include bank, asset, credit card, equity, income, cost of goods sold, and expense accounts.
- Learners can set up both a Profit and Loss report and a Balance Sheet report for their accounts.
Frequently Asked Questions
What does this QuickBooks Chart of Accounts course cover?
It covers how to set up every type of account within the chart of accounts in QuickBooks, how to use each account type, and how to set up a Profit and Loss report and a Balance Sheet report for your accounts.
Which account types will I learn about?
The course covers bank accounts, asset accounts, credit card accounts, equity accounts, income accounts, cost of goods and sold accounts, and expense accounts, along with an account types overview.
Why is the chart of accounts important in QuickBooks?
The chart of accounts is the most important part of QuickBooks because it is all of your accounts and reports for your business gathered into one location.
What skills does this course build?
It builds skills in account analysis, accounting, the accounting cycle, QuickBooks accounting software, QuickBooks certification, and accounts receivable/billing fundamentals.
What reports will I be able to create after this course?
You will learn how to set up a Profit and Loss report and a Balance Sheet report for your accounts.
