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sunil2
Level 1

Hello, I need a sample chart of account for my laundromat business

 
2 Comments 2
Anna S
QuickBooks Team

Hello, I need a sample chart of account for my laundromat business

Nice to have you here in the Community, @sunil2.

 

Every QuickBooks subscription or trial comes with a Chart of Accounts that includes expenses, income, equity, accounts receivable, and accounts payable. You can also add your bank account and bring in all of your recent transactions. You can access the Chart of Accounts by following these steps:

 

  1. On the left-hand menu, select Accounting.
  2. Choose Chart of Accounts.
  3. Click View my Chart of Accounts.

 

 

Now you have access to your Chart of Accounts and can add new accounts. You can also check out this article on creating an account for the Chart of Accounts for more information.

 

Feel free to comment below if you have any other questions. I'm always here to help.

john-pero
Community Champion

Hello, I need a sample chart of account for my laundromat business

Accounts you will want to include by editing existing, or adding new would include taxable and non-taxcable self-service (coin-op) income accounts.  and then you can have as many sub-accounts for what you are willing to separate coinage to track. You could track income by machine, for example (although you can do this with Class Tracking better)  House-provided services such as Wash, Wash/Dry, etc but a single income account for what you do for customers and then use service items to track the different services.  Items for sale, don't forget the candy and pop machines.  Remember in all this if your state is anything like ours that some machine dispensed items are taxable and some are not and you will need to treat taxable items as tax-included. Example, you sell $100 of Coca-Cola which is taxed at 6%; when you record the receipt of the $100 you will record $94.34 as taxable sales and $5.66 as collected tax

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