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rosarias-owner
Level 1

I just signed up for Quickbooks online as a restaurant and it set me up with a canned list of chart of accounts. Can I add my own chart of accounts??

 
5 Comments
Rose-A
Moderator

I just signed up for Quickbooks online as a restaurant and it set me up with a canned list of chart of accounts. Can I add my own chart of accounts??

Congratulations on your new QuickBooks Online account, rosarias-owner.

 

I can share some information regarding the default accounts in QuickBooks Online.

 

QuickBooks Online creates several accounts when you set up a company. Some can be deleted or edited, and others cannot.

 

The following are the default accounts created automatically by QuickBooks:

 

  • Credit Card Receivables
  • Undeposited Funds
  • Opening Balance Equity
  • Retained Earnings
  • Inventory Assets
  • Cost of Goods Sold
  • Reconcile Discrepancies
  • Unapplied Cash Payment Income

However, you can create your lists of the chart of accounts. You can follow the steps below to complete the process.

 

  1. Click the Gear icon and select Chart of Accounts.
  2. Select New in the top right corner. 
  3. Click on the Account Type drop-down to select the account type.
  4. Select the Detail Type to specify the type of account that you want to add.
  5. Enter the name of the account in the Name field.
  6. You have the option of including information in the Description field and an amount in the Balance field. 
  7. Click Save and Close.

 

The following is a brief video to serve as a visual reference:

 

 

In case you need help with merging and organizing your chart of accounts, you can visit the resources below:

 

Use account numbers in your chart of accounts

Manage default and special accounts in your chart of accounts

 

Just hit the Reply button if you have additional questions. I'll be right here to help.

rosarias-owner
Level 1

I just signed up for Quickbooks online as a restaurant and it set me up with a canned list of chart of accounts. Can I add my own chart of accounts??

Thank you for the quick response. So does this mean that I cannot create my own account types? Is there a premium level of access where I can do this with Quickbooks? I have my own set of account types, etc and didn't expect there to be a default list provided. 

rosarias-owner
Level 1

I just signed up for Quickbooks online as a restaurant and it set me up with a canned list of chart of accounts. Can I add my own chart of accounts??

Thanks. Can I add my own account types and details in addition to what is canned supplied?

vpcontroller
Level 11

I just signed up for Quickbooks online as a restaurant and it set me up with a canned list of chart of accounts. Can I add my own chart of accounts??

@rosarias-owner 

 

"Thanks. Can I add my own account types and details in addition to what is canned supplied?"

 

The answer is no. You can't add or edit account type or detail type in the Chart of Accounts. 

Angelyn_T
QuickBooks Team

I just signed up for Quickbooks online as a restaurant and it set me up with a canned list of chart of accounts. Can I add my own chart of accounts??

Thank you for getting back to us here on the Community page, @rosarias-owner.

 

QuickBooks automatically creates your chart of accounts based on the industry and type of company you choose when creating your company file. Therefore, it provides a list of account types and detail types you can choose when setting up accounts from the Chart of Accounts. That said, we aren't able to add/edit the account or detail types from the available options. 

 

For more information about setting up accounts from the chart of accounts, check out these articles:

 

Post again if you have any other questions. I'll get back to you as quickly as possible. Have a great day!

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