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LurenMadrid
Community Manager

Run Your Business | How to Organize Your Chart of Accounts

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A chart of accounts is a list of the account numbers and names relevant to your company. In this video, Astrid Daniela Galvez (QuickBooks ProAdvisor and Tax Specialist) clarifies the 4 primary groups in a standard chart of accounts (Asset, Liability, Income, and Expense) and provides some helpful tips in organizing them to make your small business’ financial information easier to access.

 

How to organize your chart of accounts.
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00:00 - Introduction

01:31- What is the chart of accounts?

02:06 - Asset accounts

02:44 - Liability accounts

03:12 - Income and expense accounts

04:13 - Tips for setting up your chart of accounts

 

Learn more about a chart of accounts: https://intuit.me/3kX2cYN

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