QuickBooks Online Tutorial: Setting up Chart of Accounts with balances

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Hector Garcia CPA
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Setup Chart of Accounts in QuickBooks Online by Hector Garcia, CPA
Recommended Article: http://www.quickbooks-training.net/setting-up-the-chart-of-accounts-in-quickbooks-online/

00:00:12 – Chart of accounts (gear button)
00:01:38 – View register & run report buttons
00:01:53 – New (import from excel or just New starting from scratch) (How to create new account)
00:03:36 – How to set up the bank
00:05:19 – How to bring up the credit card to chart of accounts
00:06:24 – How to add a loan
00:08:49 – Create new account (example) (track depreciation)
00:12:23 – Reports (balance sheet) (run report)
00:14:27 – Income accounts (run report) (delete)
00:15:23 – Income categories (run report) (edit)
00:16:57 – Create new account (Cost of goods sold) (subcontracted trainers) (examples)
00:19:16 – Expenses categories (clean up chart of accounts) (edit)
00:21:13 – Create new account (Expenses) (examples) (sub-account)

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