Turn on suggestions
Auto-suggest helps you quickly narrow down your search results by suggesting possible matches as you type.
Showing results for
Solved! Go to Solution.
In reality there are only 4 types of accounts in accounting. Income and expense for the P&L, and assets and liability for the balance sheet (yes equity is a liability in reality)
How you use those accounts and the adjective you put in front of them make a difference. Add fixed to asset and you get an account that is specifically for long term assets, but it is still an asset account.
Detail type is an intuit invention that was supposed to make things easier, but in fact has over complicated what is actually pretty simple.
To answer your question, who knows, and why care anyway.
Thanks for getting back to us, userclaudchen.
Currently, QuickBooks Online doesn't have a complete list of Account Types and their associated Detail Types of Chart of Accounts. However, I'll try to give you an outline regarding this matter.
Here are the following Account Types and their Detail Types:
Accounts receivable (A/R)
Accounts payable (A/P)
Bank
Cost of Goods Sold
Credit Card
Equity
Expenses
Fixed Assets
Income
Long Term Liabilities
Other Assets
Other Current Assets
Other Current Liabilities
Other Expense
Other Income
To get the definition of these accounts, you can browse these links:
If there is no definition found in those articles, you can just search them online. Also, their definitions are displayed upon creating or editing the account.
I hope the list this helps to get your accounting activities done. Have a great day!
In reality there are only 4 types of accounts in accounting. Income and expense for the P&L, and assets and liability for the balance sheet (yes equity is a liability in reality)
How you use those accounts and the adjective you put in front of them make a difference. Add fixed to asset and you get an account that is specifically for long term assets, but it is still an asset account.
Detail type is an intuit invention that was supposed to make things easier, but in fact has over complicated what is actually pretty simple.
To answer your question, who knows, and why care anyway.
Hi Rustler:
Thanks for your reply which helps me a lot.
Do you have any idea that where I can find a glossary or explanation of each detail type?
I can guess the meaning of each detail type by their name but I am not very sure about it.
Best
Claud
Thanks for getting back to us, userclaudchen.
Currently, QuickBooks Online doesn't have a complete list of Account Types and their associated Detail Types of Chart of Accounts. However, I'll try to give you an outline regarding this matter.
Here are the following Account Types and their Detail Types:
Accounts receivable (A/R)
Accounts payable (A/P)
Bank
Cost of Goods Sold
Credit Card
Equity
Expenses
Fixed Assets
Income
Long Term Liabilities
Other Assets
Other Current Assets
Other Current Liabilities
Other Expense
Other Income
To get the definition of these accounts, you can browse these links:
If there is no definition found in those articles, you can just search them online. Also, their definitions are displayed upon creating or editing the account.
I hope the list this helps to get your accounting activities done. Have a great day!
Hi James,
Many thanks for your reply.
It resolves all my questions.
Best Regards
Claud
This is very helpful. Thanks for taking the time to create.
You're welcome, TomMcCullough!
We're glad to hear that the information shared by my colleague helps you a lot. Please note that you're always welcome to post again here in the Community.
For more tips and other resources, you can visit our website for future reference: QuickBooks Online.
If you have any questions, we're ready to assist you. Take care, and have a great day!
You have clicked a link to a site outside of the QuickBooks or ProFile Communities. By clicking "Continue", you will leave the community and be taken to that site instead.
For more information visit our Security Center or to report suspicious websites you can contact us here