Once you are at the chart of accounts, you will see a table with all the relevant information about your company. Click the Accounting menu item and you will then see a link to the chart of accounts. From there, you can access the chart of accounts under the Your Company heading.Īnother way to access the chart of accounts is from the Navigation Pane on the left side of the screen. The first way is to click the gear icon in the Header at the top-right of the screen. There are a couple different ways to get to the chart of accounts. If the information here is inaccurate, then our charts will be wrong. Having an accurate chart of accounts is important because it feeds the data in your reports. Liabilities: This is the amount that you owe on things you haven't paid for yet, such as loans.Assets: This are things such as real estate, vehicles and equipment that your company uses.Expenses: This is the money that leaves your company such as paying rent or office supplies.Income: This is the money that enters your company on a daily basis through sales or income from services.Specifically, the chart of accounts shows your: It also keeps track of the money received and what it was received for. It will let you know when you spent money and what it was on. The chart of accounts is a listing of where all the money flows in your company. Let's first define what the chart of accounts is. In this lesson, we will take an in-depth look at this important feature of QuickBooks Online. In QuickBooks Online, this place is called the chart of accounts. When running your business, you need a place to go where you can access all your company's accounts and balances.
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