How to organize your chart of accounts | Run your business
Learn more about a chart of accounts: https://intuit.me/3kX2cYN
A chart of accounts is a list of the account numbers and names relevant to your company. In this video, Astrid Daniela Galvez (QuickBooks ProAdvisor and Tax Specialist) clarifies the 4 primary groups in a standard chart of accounts (Asset, Liability, Income, and Expense) and provides some helpful tips in organizing them to make your small business’ financial information easier to access.
00:00 – Introduction
01:31 – What is the chart of accounts?
02:06 – Asset accounts
02:44 – Liability accounts
03:12 – Income and expense accounts
04:13 – Tips for setting up your chart of accounts
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