Work with the chart of accounts in QuickBooks Desktop
by Intuit•10• Updated 3 months ago
Learn how the chart of accounts works in QuickBooks Desktop.
The chart of accounts lists all your company's accounts and their balances. QuickBooks uses this list to track funds, debts, money coming in, and money going out.
Each account has a transaction history that you can view in the register. You can also run a quick report for details.
Account types on the chart of accounts
When you open your chart of accounts, you'll see a long list of accounts. These are known as account histories. Each account has its own account history. Simply go to the account history to review its transaction history and current balance.
Your chart of accounts gives you different account types to categorize transactions:
- Assets: Purchases for things like vehicles, equipment, and buildings used for your business.
- Liabilities: Funds you owe but haven't paid yet.
- Income: Sales transactions for products or services sold.
- Expenses: Costs for business operations, like advertising and promotion, office supplies, and rent.
Open your chart of accounts
Select Company, Lists, or Accountant and then Chart of accounts.
Sign in now for personalized help
See articles customized for your product and join our large community of QuickBooks users.
More like this
- Learn about the chart of accounts in QuickBooks Onlineby QuickBooks•145•Updated August 12, 2024
- Merge list entries in QuickBooks Desktopby QuickBooks•Updated May 15, 2024
- Use an Accountant's Copy working file in QuickBooks Desktopby QuickBooks•2•Updated July 03, 2024
- Learn about switching from QuickBooks Desktop to QuickBooks Onlineby QuickBooks•8•Updated May 08, 2024