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denisealbert56
Level 1

How do you set up the following chart of accounts and Beginning Balance

 
1 Comment 1
JessT
Moderator

How do you set up the following chart of accounts and Beginning Balance

Let's set up your chart of accounts, Denise.

 

QuickBooks Online has preset Chart of Accounts, so you might want to use them and just enter their opening balances instead. You can refer to this article: What to do if you didn't enter an opening balance in QuickBooks Online.

 

If you'll add bank or credit card accounts, you can enter their opening balances through the setup. Please check this out: Enter opening balances for accounts in QuickBooks Online.

 

After setting up your accounts, you can run reports like Profit and Loss and Balance Sheet. Just go to the Reports section and use the search box to find them.

 

Let me know if you need more help.

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