One of the most important steps in creating a new company file in QuickBooks Online is getting your Chart of Accounts setup. The initial setup here can be altered later, but it’s vital to your accounting strategy to set this up properly right away to get accurate financials for your business. Adding an account to the Chart of Accounts is the biggest way to customize your financials.
Watch this video to walk through how to add accounts to your Chart of Accounts in QuickBooks Online:
In creating accounts, you can easily customize the Chart of Accounts to be more specific to your business and ensure you’re getting the full story your numbers are telling about your business.
If you need assistance in setting up your chart of accounts, or improving your chart of accounts while setting up a new QuickBooks Online file, we are here to help. Contact us today!
To find more QuickBooks Online video tips, visit our QuickBooks Online Playlist on All In One Accounting's YouTube channel.