How to organize your chart of accounts | Run your business

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  • čas přidán 11. 07. 2024
  • Learn more about a chart of accounts: 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
    Check out more from the Run Your Business series: intuit.me/3yJVudx
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    This content is for information purposes only and should not be considered legal, accounting or tax advice, or a substitute for obtaining such advice specific to your business. Additional information and exceptions may apply. Applicable laws may vary by state or locality. No assurance is given that the information is comprehensive in its coverage or that it is suitable in dealing with a customer’s particular situation. Intuit Inc. does not have any responsibility for updating or revising any information presented herein. Accordingly, the information provided should not be relied upon as a substitute for independent research. Intuit Inc. does not warrant that the material contained herein will continue to be accurate, nor that it is completely free of errors when published. Readers and viewers should verify statements before relying on them.
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Komentáře • 26

  • @salomesalo7473
    @salomesalo7473 Před 8 měsíci +3

    I am 27 years old. I’m taking BUSINESS OFFICE ADMINISTRATION courses and I absolutely know NOTHING about business. This was very helpful. Thank you❤ and wish me luck😊

  • @daniellem.3194
    @daniellem.3194 Před rokem

    Thank you! So helpful!

  • @user-ci1ot4qp2j
    @user-ci1ot4qp2j Před rokem

    thank you. its really helpful

  • @peppywood01
    @peppywood01 Před rokem

    Thank u!

  • @ismailjido3465
    @ismailjido3465 Před rokem

    Amazing

  • @priscillaresendez158
    @priscillaresendez158 Před rokem

    We use square and the savings account within square. First do you have a video breaking it down on how to use quickbooks online integrated with square? Two..the savings folders I have in square, should I add them in the chart of accounts in QB online?

  • @cyrusdowlatshahi90
    @cyrusdowlatshahi90 Před rokem +1

    So cheesy... but so good. It's accounting, so yes, I appreciate the surfing sounds 🤟

  • @aardvarkhomes449
    @aardvarkhomes449 Před 2 lety +7

    Would be much better if there was no background music playing.

  • @user-oi9kp5eg8i
    @user-oi9kp5eg8i Před 9 měsíci +1

    How do I begin? I've been paying for QB for 6 months and when I get to set up my Chart of Accounts or to create an invoice I get overwhelmed. I am a travel agency and I accept credit card payments on behalf of tour companies - that money does not hit my account - only commission hits my account. Where do I begin?

    • @quickbooks
      @quickbooks  Před 9 měsíci

      Hey there. While QuickBooks can help with a plethora of things and keep you organized, for anything specific to your type of business or questions with that, you would want to reach out to an accountant for any questions. This link can help you find one certified in your area: proadvisor.intuit.com/app/accountant/search?region=US&ub=c&location=. All the best. -Kyle

  • @viralvideosandfunny5259k
    @viralvideosandfunny5259k Před 8 měsíci +2

    You assured at the beginning of the video that upon watching the entire presentation, I would be capable of handling charts of accounts. However, the content diverged significantly from my expectations. When creating tutorial videos for learners, kindly incorporate practical exercises to enhance our understanding of your lectures in a more professional manner. Thank you.

  • @mollymcnallyroberts
    @mollymcnallyroberts Před 2 lety +1

    Link to article is not working

    • @tiavee
      @tiavee Před 2 lety

      Here is an accurate, up-to-date link: quickbooks.intuit.com/learn-support/en-us/help-article/chart-accounts/learn-chart-accounts-quickbooks-online/L2yc6KBob_US_en_US?uid=l3cllzys

  • @margaretmitchell482
    @margaretmitchell482 Před 2 lety +2

    Easy to follow information. Great video except for one thing: that sound effect, when you had a pop up or some such thing that you were emphasizing on the screen. It was VERY unpleasantly distracting and annoying -- fingernails on a chalkboard annoying, to me. I had a visceral reaction and involuntarily flinched every time I heard that noise. It set my teeth on edge and was almost physically painful to listen to.
    Thank you for the information. I hope you mute that awful sound effect in future videos so I can continue to watch your videos.

  • @trdavid2009
    @trdavid2009 Před rokem

    why no sound

  • @mattd7770
    @mattd7770 Před 2 lety +5

    Music is bad.

    • @tiavee
      @tiavee Před 2 lety +2

      I agree. The music is a complete turn-off.

  • @davidnormal
    @davidnormal Před 10 měsíci

    This is Pop Art. It's like watching an Andy Warhol movie except not as boring.

  • @MrKspears87
    @MrKspears87 Před rokem

    You mixed up your current and fixed assets. Inventory is not a fixed asset. 2:21 -

  • @kevywilliams3304
    @kevywilliams3304 Před 10 měsíci +1

    Omg scroll to 3 min

  • @juliajulietrites4877
    @juliajulietrites4877 Před rokem +14

    The background music is totally annoying and totally unnecessary

  • @user-tn4po9oh6r
    @user-tn4po9oh6r Před rokem

    you would do better if you would stop wasting my time and focus on what you are trying to teach.

  • @user-wz1kv4cb1f
    @user-wz1kv4cb1f Před 4 měsíci

    not sure these are helpful for my study

  • @harperji1902
    @harperji1902 Před 6 měsíci

    Didn't present anything useful. This is not a tutorial video but a vogue Q&A for this lady.

  • @rowanwood5397
    @rowanwood5397 Před rokem

    i dislike waiting 60 seconds to get any kind of information whatsoever. waste of time.