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Or, add new additional accounts that are more applicable. In customizing your chart of accounts, you can rename accounts to make their names more meaningful. If you feel you could use some help in reviewing and modifying your current chart of accounts or with the setup of a new chart of accounts, give us a call 80. The chart of accounts should be modified (add or delete accounts) to help produce very useful reports. Sample Chart of Accounts in QuickBooks, examples.This article will cover the following categories: This will give you the ability to produce reports that will help you make good management decisions. The chart of accounts should be modified to meet the needs of your business. However, this does not mean you have to leave the chart of accounts as is.

You can start with a standard Chart of Accounts that the QuickBooks wizard will help you set up. Type the reference number of the expense transaction and any business terms and conditions in the relevant fields, or skip this step if you don't need to record this information in your company accounts.Ĭlick the "Expenses" tab and select an account from the pull-down list for instance, select the "Marketing" expense account option to record a marketing expense transaction.Ĭlick "Save and Close" to record the expense and exit the window.The QuickBooks Chart of Accounts is very customizable. Type the expense amount in the Amount Due input box. For example, enter the name of an ad agency or buyer if you want to record an advertising expense in your marketing expenses account.Įnter the date of the expense and the vendor's address in the applicable fields. Alternatively, click to select "Add New" and type a new vendor. Select "Enter Bills" from the pull-down list of options.Ĭlick the "Down Arrow" button next to "Vendor" and choose an existing vendor from the list. Click "Vendors" in the main menu at the top of the screen.