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sumitchopra
Level 1

Chart of account for event planning business

Hi there,

I am new to book keeping and quickbooks. Need some advice in selecting the Industry for a client that is in the event planning business. I do not see an event planning category in the quick books drop down. 

Please advice.

thanks

Solved
Best answer December 10, 2018

Best Answers
Rustler
Level 15

Chart of account for event planning business

the chart of accounts track expenses, income, assets and liabilities

get the tax form the business fills out and structure your COA to match, use sub accounts of those to record detail where you think you need it

items in the item list are what you do, sell, or stock - so you use items to run your business

there is no distinct industry version for you, use a service type company is my suggestion

The  help files and video tutorials are helpful. QuickBooks for Dummies, and Business Accounting for Dummies are great books.  QB is an accounting program and has a steep learning curve regardless of what the PR says, and some basic accounting is a requirement.

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2 Comments
Rustler
Level 15

Chart of account for event planning business

the chart of accounts track expenses, income, assets and liabilities

get the tax form the business fills out and structure your COA to match, use sub accounts of those to record detail where you think you need it

items in the item list are what you do, sell, or stock - so you use items to run your business

there is no distinct industry version for you, use a service type company is my suggestion

The  help files and video tutorials are helpful. QuickBooks for Dummies, and Business Accounting for Dummies are great books.  QB is an accounting program and has a steep learning curve regardless of what the PR says, and some basic accounting is a requirement.

View solution in original post

Daria-Fabro
Level 1

Chart of account for event planning business

So is there a Chart of Account for Services company? How can this be obtained? As right now it is purely manufacturing...
Thanks
Daria
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