Importing ADP Payroll into Quickbooks [SOLVED]

Importing ADP Payroll into Quickbooks

ADP is a payroll service that takes care of paying your payroll expenses on your behalf, both to your employees and to government agencies. ADP allows you to export your payroll data using its general ledger interface. This data can then be imported into QuickBooks, allowing you to include all the data as part of your financial statements.

Exporting from ADP

To add the data to QuickBooks, export it from ADP’s general ledger interface. Click “Define G/L File” and select “Use a Predefined G/L File for Map Assistant.” Then choose QuickBooks from the drop-down menu. You are then prompted to “map” the payroll items; you must identify the corresponding general ledger account name or number for each payroll item. This allows you to seamlessly integrate your payroll data into the general ledger. You can reuse the map each time you export data to QuickBooks. Select the desired pay period and click “Download” to export the data to your computer.

Importing to QuickBooks

After you export the data from ADP, adding the data to your QuickBooks general ledger is a simple process. In QuickBooks, click the “File” menu and select “Import.” Then choose the file that you have just saved to your computer. The data is automatically added to your general ledger, integrating with the pre-existing general ledger accounts. Now you can create any number of financial reports, such as balance sheets and income statements.

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Importing ADP Payroll into Quickbooks

How to Enter Credit Card in Quickbooks

How to Enter Credit Card in Quickbooks

Quickbooks LogoCredit Cards in QuickBooks is a commonly misused function. I see many different ways a credit card is recorded. Some take the total amount due and
divvy out the expenses when they write a check to pay down the card. Other’s enter a bill to the credit card company and break down the expenses via the bill. Now, the above aren’t ‘wrong’ per-se but they certainly aren’t 100% correct nor are they the most practical. We’ll break down all the aspects from entering the account into your Chart of Accounts, recording charges made, the subsequent payment on these charges, and recording any other miscellaneous transactions such as rewards dollars, interest, and bank fees.

How to Enter a Credit Card in QuickBooks – I know we’re excited about entering charges into QuickBooks but we have to create the account first…

  • Head into the chart of accounts
  • Right click and click ‘New’
  • Select Credit Card for the account type
  • Give an identifiable name “American Express #####”

How to Enter Charges – There are two ways you can go about entering charges. The first is to physically double click the credit card in your chart of accounts to pull up the register. The process then entails going through each charge and manually inputting them one by one with the date, vendor, account to hit, and amount. The easier way though is to download the transactions directly into QuickBooks from your bank and use Online Banking to your advantage.

Every charge should have the corresponding date, the vendor to which the payment was remitted to, the amount paid, and the appropriate account. The account might be a Cost of Goods Sold, an Expense, or perhaps an Asset to your business depending on what was purchased.

How to Record Payments – Payments to a credit card are easy,
people though tend to make this more complex. A payment to a credit card is a transfer of funds, all you’re doing is moving cash from your bank to your credit card. No vendor or customer needs to be entered as you’re not receiving a payment or paying someone. If you feel the need to enter a name, this would be a time to use the QuickBooks ‘Other Name’ type.

How to Record Interest Expenses and Bank Fees – Just like charges, interest and bank fees are considered an expense. Since they originate from your credit card company, such as American Express, the vendor would be American Express.

How to Record Cash Back Rewards – Credit company’s typically offer rewards in the form of cash back on your statement or a check written directly to your company. If this is the case any income from your cash back rewards would be considered ‘Other Income’ as it’s income received that is not apart of your main form of income.

Reconcile – Last but not least please reconcile your account to the statement. Either go to the home screen and click the reconcile module or right click the account in the chart of accounts and reconcile. Match up the statement balances and reconcile away.  One of the most important bookkeeping processes is reconciling QuickBooks and you should reconcile all accounts regularly.

There you have it, all about credit cards. There are definitely many ‘unique’ ways to enter what you spend on your credit card from journal entries to entering the expenses on the check paid to your credit card company but the be all end all 100% correctomundo easiest way to do it is
to create a credit card account. By following your statement to the T in the credit card register you’ll provide more meaningful reports on a monthly basis, keep clean books, and most importantly keep an auditor happy if they happen to cite you for an audit. Relax and know that your credit card situation is under control now, at least in your books.

Credit: http://www.slcbookkeeping.com/quickbooks-tips-blog/bid/114158/QuickBooks-Tip-How-to-Enter-a-Credit-Card

How to Update your Job Status in Quickbooks

How to Update your Job Status in Quickbooks

Quickbooks LogoIn one of the previous segments, I showed you how to Create an Estimate and from the Estimate create anInvoice. What you also need to remember, is that everytime you change the status of your job, you need toupdate that also in the Customer: Job list.

Previously, using the Sample Pro company file in QuickBooks, I created an estimate for Jason Cioran for 50 Mini Stanley Cups. I then added the League Fees to it and created an invoice from the second (duplicate) estimate. Now I need to update the status of this job, because there were not enough Mini Stanley Cups in stock and more had to be ordered.

Without this update, the order could fall between the cracks and never get filled. To do this I go to the Customer Centre, highlight Jason CioranEdit Customer, then click on the Job Info Tab.

From here, I will change the Job Status fromPending to In ProgressStart Date will coincide with the first estimate date and the Projected Endis when I expect the order to be filled. Once the order is filled and the item is shipped, I would go back and update the Job Status as Closed and the End Date to the date the shipment took place.

In order to make sure that the Estimates, which were not used, do not increase the  database to an unmangable volume, I would mark that first estimate as Inactive, since it would not be used again.

Here’s how you do that.

From the Menu bar, choose Reports/Jobs, Time & Mileage and Estimates by Job. Scroll down till I find Jason Cioran, double click on Estimate 1, which will open up the Create Estimate screen,uncheck the Estimate Active box, which is beside the Customer: Job field and then Save & Close.

Credit: http://www.quickbookstrained.com/updating-your-job-status-in-quickbooks/

How to Enter Customers & Vendors in QuickBooks [Solved]

How to Enter Customers & Vendors in QuickBooks

Quickbooks LogoQuickBooks uses customer and vendor information to track income and payment information for your business. Customer information is needed to create estimates and invoices, and vendor information is needed to track expenses. QuickBooks provides a form to enter information for both customers and vendors, and each form has many fields so that you can save detailed information in your company file. Customers are added in the QuickBooks Customer Center and vendors are added in the Vendors Center.

Customers

Step 1Click “Customers” in the My Shortcuts section of the navigation menu or click “Customers” and then “Customer Center” in the menu bar. The Customer Center screen appears.
Step 2Click “New Customer & Job” and then “New Customer” to open the New Customer window.
Step 3Enter the customer’s name in the “Customer Name” field and then enter the customer’s opening balance in the “Opening Balance” field. The opening balance is the amount that the customer owes you from invoices prior to entering the customer’s information in QuickBooks. Do not include new charges in the opening balance section; you’ll create an invoice in QuickBooks to account for new charges.
Step 4Fill out the remaining information for the customer and then click the “OK” button.

Vendor

Step 1Click “Vendors” in the navigation menu or click “Vendors” and then “Vendor Center” in the menu bar. The Vendor Center screen appears.
Step 2Click the “New Vendor” drop-down menu and select “New Vendor.”
Step 3Enter the vendor’s name in the “Vendor Name” field and then enter your opening balance with the vendor in the “Opening Balance” field.
Step 4Fill out the remainder of the vendor’s information in the form and then click “OK” to save.

Credit: http://smallbusiness.chron.com/enter-customers-vendors-quickbooks-57100.html

How to Update your Job Status in Quickbooks

How to Update your Job Status in Quickbooks

Quickbooks LogoIn one of the previous segments, I showed you how to Create an Estimate and from the Estimate create an Invoice. What you also need to remember, is that everytime you change the status of your job, you need to update that also in the Customer: Job list.

Previously, using the Sample Pro company file in QuickBooks, I created an estimate for Jason Cioran for 50 Mini Stanley Cups. I then added the League Fees to it and created an invoice from the second (duplicate) estimate. Now I need to update the status of this job, because there were not enough Mini Stanley Cups in stock and more had to be ordered.

Without this update, the order could fall between the cracks and never get filled. To do this I go to the Customer Centre, highlight Jason Cioran, Edit Customer, then click on the Job Info Tab.

From here, I will change the Job Status from Pending to In Progress, Start Date will coincide with the first estimate date and the Projected End is when I expect the order to be filled. Once the order is filled and the item is shipped, I would go back and update the Job Status as Closed and the End Date to the date the shipment took place.

In order to make sure that the Estimates, which were not used, do not increase the  database to an unmangable volume, I would mark that first estimate as Inactive, since it would not be used again.

Here’s how you do that.

From the Menu bar, choose Reports/Jobs, Time & Mileage and Estimates by Job. Scroll down till I find Jason Cioran, double click on Estimate 1, which will open up the Create Estimate screen, uncheck the Estimate Active box, which is beside the Customer: Job field and then Save & Close.

Credit: http://www.quickbookstrained.com/updating-your-job-status-in-quickbooks/

How to Enter a Credit Card Using Quickbooks [Solved]

How to Enter a Credit Card Using Quickbooks

Quickbooks LogoCredit Cards in QuickBooks is a commonly misused function. I see many different ways a credit card is recorded. Some take the total amount due and
divvy out the expenses when they write a check to pay down the card. Other’s enter a bill to the credit card company and break down the expenses via the bill. Now, the above aren’t ‘wrong’ per-se but they certainly aren’t 100% correct nor are they the most practical. We’ll break down all the aspects from entering the account into your Chart of Accounts, recording charges made, the subsequent payment on these charges, and recording any other miscellaneous transactions such as rewards dollars, interest, and bank fees.

How to Enter a Credit Card in QuickBooks – I know we’re excited about entering charges into QuickBooks but we have to create the account first…

  • Head into the chart of accounts
  • Right click and click ‘New’
  • Select Credit Card for the account type
  • Give an identifiable name “American Express #####”

How to Enter Charges – There are two ways you can go about entering charges. The first is to physically double click the credit card in your chart of accounts to pull up the register. The process then entails going through each charge and manually inputting them one by one with the date, vendor, account to hit, and amount. The easier way though is to download the transactions directly into QuickBooks from your bank and use Online Banking to your advantage.

Every charge should have the corresponding date, the vendor to which the payment was remitted to, the amount paid, and the appropriate account. The account might be a Cost of Goods Sold, an Expense, or perhaps an Asset to your business depending on what was purchased.

How to Record Payments – Payments to a credit card are easy,
people though tend to make this more complex. A payment to a credit card is a transfer of funds, all you’re doing is moving cash from your bank to your credit card. No vendor or customer needs to be entered as you’re not receiving a payment or paying someone. If you feel the need to enter a name, this would be a time to use the QuickBooks ‘Other Name’ type.

How to Record Interest Expenses and Bank Fees – Just like charges, interest and bank fees are considered an expense. Since they originate from your credit card company, such as American Express, the vendor would be American Express.

How to Record Cash Back Rewards – Credit company’s typically offer rewards in the form of cash back on your statement or a check written directly to your company. If this is the case any income from your cash back rewards would be considered ‘Other Income’ as it’s income received that is not apart of your main form of income.

Reconcile – Last but not least please reconcile your account to the statement. Either go to the home screen and click the reconcile module or right click the account in the chart of accounts and reconcile. Match up the statement balances and reconcile away.  One of the most important bookkeeping processes is reconciling QuickBooks and you should reconcile all accounts regularly.

There you have it, all about credit cards. There are definitely many ‘unique’ ways to enter what you spend on your credit card from journal entries to entering the expenses on the check paid to your credit card company but the be all end all 100% correctomundo easiest way to do it is
to create a credit card account. By following your statement to the T in the credit card register you’ll provide more meaningful reports on a monthly basis, keep clean books, and most importantly keep an auditor happy if they happen to cite you for an audit. Relax and know that your credit card situation is under control now, at least in your books.

Credit: http://www.slcbookkeeping.com/quickbooks-tips-blog/bid/114158/QuickBooks-Tip-How-to-Enter-a-Credit-Card

How to Adjust Physical Counts and Inventory Values in QuickBooks [Solved]

How to Adjust Physical Counts and Inventory Values in QuickBooks

Quickbooks LogoInventory shrinkage, spoilage, and, unfortunately, theft all combine to reduce the inventory that you physically have. In order for QuickBooks to reflect these fluctuations, you periodically physically count your inventory and then update your QuickBooks records with the results of your physical counts.

In order to record your physical count information in QuickBooks, you use the Adjust Quantity/Value on Hand command, which is available to you in two different places. If you display the Item list, click the Activities button (which appears at the bottom of the Item List window) and choose the Adjust Quantity/Value on Hand command. You can also choose Vendors→Inventory Activities→Adjust Quantity/Value on Hand. Choosing either command displays the Adjust Quantity/Value on Hand window.

image0.jpgTo use the Adjust Quantity/Value on Hand window, follow these steps:

  1. Use the Adjustment Type box to indicate what you’re adjusting.

    You can adjust the quantity, the Value, or both. Select the appropriate entry from the Adjustment Type box: Quantity, Total Value, or Quantity and Total Value.

  2. Record the date of your physical count in the Adjustment Date box.

  3. Select the expense account that you want to use to track your inventory shrinkage expense from the Adjustment Account drop-down list.

  4. (Optional) Provide a reference number (if you use numbers) to uniquely and meaningful identify or cross-reference the transaction.

  5. (Optional) Identify the Customer:Job and Class.

    If it’s appropriate, and in many cases it won’t be, use the Customer:Job box to identify the job associated with this inventory shrinkage. In a similar fashion, if appropriate, use the Class box to identify the class that you want to use for tracking this inventory shrinkage.

  6. Supply the correct inventory quantities and adjust the value.

    The Item, Description, and Current Qty columns of the Adjust Quantity/Value on Hand window identify the inventory items that you are holding and the current quantity counts. Use the New Qty column to provide the correct physical count quantity of the item.

    You can actually enter a value into either the New Qty column or the Qty Difference column. QuickBooks calculates the other quantity by using the current quantity information that you supply.

    If you select the Total Value entry or the Quantity and Total Value entry from the Adjustment Type box, QuickBooks displays an expanded version of the Adjust Quantity/Value on Hand window.

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  7. Provide a memo description (if you want).

  8. Click Save & Close or Save & New to save the adjustment.

Credit: http://www.dummies.com/how-to/content/how-to-adjust-physical-counts-and-inventory-values.html

How to Use Job Estimates in QuickBooks [Solved]

How to Use Job Estimates in QuickBooks

Quickbooks LogoTo create a job estimate, choose the Customers→Create Estimates command. QuickBooks displays the Create Estimates window. In a nutshell, you fill out the Create Estimates window the same way you fill out the Create Invoices window. This makes sense.

image0.jpgAn estimate is just an example or guess at the future invoice for a job. Predictably, you collect and supply the same information, and you fill in the fields the same way.

Find the description of the related field on the Create Invoices window. Whatever you do with that field in the Create Invoices window is the same thing you do in the Create Estimates window.

When you invoice a customer for whom you have previously prepared an estimate, QuickBooks displays a list of the previously prepared estimates and lets you select one of these estimates as the starting point for an invoice. (This shortcut can be a real time-saver.)

If you didn’t originally turn on Estimates when you set up QuickBooks, you can do so after the fact. Choose the Edit→Preferences command, click the Jobs & Estimates icon, click the Company Preferences tab, and then select the Yes radio button below Do You Create Estimates?. You may also want to select the Yes radio button below Do You Do Progress Invoicing?, if you do progress invoicing.

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Tip: If you use estimates to create invoices, you actually create another way to track job costs. You can ask QuickBooks to prepare reports that compare, item by item, the estimated amounts for a job with the invoiced amounts for the job. To produce this report, you choose the Item Estimates vs. Actuals command from the Jobs, Time & Mileage submenu.

Credit: http://www.dummies.com/how-to/content/how-to-use-job-estimates-in-quickbooks-2012.html

How to Enter Sales & Invoices in Quickbooks [Solved]

How to Enter Sales & Invoices in Quickbooks

Quickbooks LogoKeeping track of sales is a critical need for any business, and the QuickBooks accounting package allows for easy tracking and accounting of the sales and payments made. Sales can be recorded by creating a sales receipt for an immediate sale or by creating an invoice for billing a customer and to record an accounts receivable sale. Once entered, the information can then be saved for use with other accounting procedures such as creating financial reports.

Creating Sales Receipts

Step 1
Open QuickBooks and press the “Create Sales Receipts” icon on the QuickBooks homepage.
Step 2
Track the sale by entering a customer or job name into the “Customer: Job” space or use the arrow next to the space to select an existing customer from the pull-down menu.
Step 3
Click the Item column to enter the item sold. Select the item from the pull-down menu or enter a new item name. If the item is new, then select the item type within the “Type” menu of the pop-up “New Item” window. Enter a description for the item in the “Description” window, and select the account type that the income from the sales applies to using the “Account” menu. Enter the item rate for the charge and tax code, then press “Save & Close” to return to the sales receipt window.
Step 4
Select the quantity sold in the Sales Receipt window.
Step 5
Click on the “Payment Method” arrow and select a payment method for the sale, such as cash or sale. Place a check in a box next to “To be printed” or “To be e-mailed” to select whether to print a receipt for the customer, or email the receipt to the customer’s email account. Click on the “Save & Close” button to save the receipt for your records.

Creating Invoices

Step 1
Start the QuickBooks program, and then open the “Customers” menu located at the top of the program. Click on “Create Invoice” to open the invoicing menu.
Step 2
Choose the customer to receive the invoice using the drop-down menu for “Customer: Job.” Select a template from the “Template” menu or use the default invoicing template. Fill in the customer information, including billing, shipping address, shipping type and the sales date.
Step 3
Fill in the purchase information for the sale. Include as much detail as possible, including quantity sold, the product or service description and pricing information. Use one line per product, and enter the word “tax” for taxable material and “Non” for items that aren’t taxed in the “Tax” field of the section. A total of the sale will appear at the bottom.
Step 4
Use the pull-down “Tax” menu beneath the sales information area to set the tax percentage to be applied to the total sales amount. Click on the arrow next to “Customer Tax Code” at the bottom of the page and set the code to “Taxable” or “Exempt” to set the customer’s tax status.
Step 5
Indicate whether you wish the invoice to be printed or emailed to the customer by placing a check in the appropriate boxes at the bottom of the form. Press the save button to save the invoice.

Credit: http://smallbusiness.chron.com/enter-sales-invoices-quickbooks-48927.html

How to Set Up Chart of Accounts in Quickbooks [Solved]

How to Set Up  Chart of Accounts in Quickbooks

Setting Up Your Chart of Accounts in QuickBooks Select & Design the Right QuickBooks Chart of Accounts

Quickbooks LogoSo many companies fail to set up their charts of accounts correctly in QuickBooks. All too often as a certified public accountant I have observed charts of accountants resembling a collage of accounts in helter skelter format without any logical order, containing duplicate if not triplicate accounts, inconsistent protocols, and even inappropriate, if not undecipherable, names. When the outside accountant receives this mess at tax time, the trial balance necessitates countless hours of reclassifications and groupings to mesh and coordinate the amounts with the classifications required on tax returns and financial statements. At an average public accounting fee of $150 per hour, clients bear the costs of needless expensive clean ups, often tacking on an additional $500 per year to their annual accounting bills.

There is no excuse for not having a chart of accounts set up in a format compatible with that as it is reported on one’s tax return as well as one’s financial statement. Once set up, a simple click in QuickBooks prints a readable and well-organized financial report for internal management, bankers, other creditors, bonding companies, shareholders, et al. And with some mapping to an Intuit tax software program, the client’s trial balance amounts can be exported to the company’s tax return by the tax preparer with another click of the mouse.

Consequently, in order to minimize costs associated with the preparation of tax returns and interim and year-end financial reports by an outside accountant, businesses would be well advised to adopt account names, account groupings, and an overall format predicated upon their requisite tax returns. This format need not be inconsistent with that used for internal and external financial reporting, since subaccounts would provide any necessary detail required by management and interested outside parties; while a simple click under report modification in QuickBooks re-arranges the expense accounts in alphabetical order, often the desired presentation for banks.

QuickBooks makes it easy for you to set up a chart of accounts. Follow its “wizard” in initially setting up your company in QuickBooks, selecting the appropriate legal form and industry. If you are unable to find your precise industry, select the industry closest to yours; or if you are adventurous, start from scratch. No need to fear: virtually everything can be undone, which is one of the reasons QuickBooks is so very popular; it is all so forgiving.

If you have already started using QuickBooks and wish to modify the chart of accounts for your business, select Company > Chart of Accounts > Account. To add an account, pick New; QuickBooks even includes a “suggestion box” on the right-hand side of the window, listing common accounts under each account type. To change an account name or type, pick Edit, and simply type in the new name or select a different account type. If you have duplicate accounts, Edit the duplicate, and in Account Name, enter the name of the account you wish to retain: all of the information in the previously separate accounts become merged into the one remaining account. As a precaution, before undertaking a merging of accounts, it would be prudent to make a copy of your QuickBooks file in the event that you discovered later that a merger was inappropriate.

Always use account numbers. You have to enable this feature by following the path, Edit > Preferences > Accounting > Company Preferences, and then selecting “Use account numbers”. This is essential for allowing maximum freedom of organization and arrangement of your account format in your financial reports. By using numbers, you can arrange reports into meaningful sections, groups, or categories. By default, QuickBooks orders all financial accounts in financial reports in numerical order. If you wish to change the account order in the report, just change the account’s number. Such flexibility is not allowed just using account names. Furthermore, it is a simple process to rearrange these same reports in alphabetical order, if and when desired: simply select Modify Report > Display > Sort in Ascending order/Descending order.

You are allowed up to 7 digits for an account number in QuickBooks: a minimum of 5 is recommended if you require numerous accounts and subaccounts. Although individual businesses will warrant a customized numbering scheme for their accounts and account groupings, I often use the following one utilizing 5 digits for a typical manufacturing and construction company:
Assets: 10000 through 19999

Current Assets: 10000 – 14999

Cash: 10000 – 10999
Receivables: 11000 – 11999
Inventory: 12000 – 12999
Other Current Assets: 13000 – 14999

Noncurrent Assets: 15000 – 19999

Fixed Assets: 15000 – 15999
Other Assets: 16000 – 19999

Liabilities: 20000 – 29999

Current Liabilities: 20000 – 25999

Accounts Payable: 20000 – 20499
Credit Cards: 20500 – 20999
Other Current Liabilities: 21000 – 25999
Accrued Expenses: 21000 – 21999
Payroll Liabilities: 22000 – 22999
Debt, Current Portion: 23000 – 23999
Capitalized Leases, Current Portion: 24000 – 24999
Other: 25000 – 25999

Noncurrent Liabilities: 26000 – 29999

Debt, Noncurrent Portion: 26000 – 26999
Capitalized Leases, Noncurrent Portion: 27000 – 27999
Other: 28000 – 29999

Equity: 30000 – 39999

Capital Stock: 30000 – 30999
Retained Earnings: 39000 – 39999

Revenue: 40000 – 49999

Cost of Goods Sold: 50000 – 59999

Materials: 50000 – 50999
Labor: 51000 – 51999
Subcontractors: 52000 – 52999
Equipment: 53000 – 53999
Other Direct Costs: 54000 – 59999

Expenses: 60000 – 89999

Selling Expenses: 60000 – 69999
General and Administrative Expenses: 70000 – 89999

Other Income (Expenses): 90000 – 99999

Of course, there would be an endless variety of accounts under all of the above categories particularly under Expenses: Selling as well as General and Administrative. If there were an insufficient number of accounts required under Selling, you may omit the distinction and lump all under Expenses. If you apply overhead to your jobs reported in Cost of Goods Sold at a date later than posting, you may even wish to add an Overhead grouping under Expenses for those amounts to be allocated to jobs. I find this especially convenient and time-saving, obviating a frantic search through a mass of expense accounts containing thousands of transactions.

Subaccounts are a critical feature of structuring your reports in QuickBooks, too. On a tax return, rather than present totals separately for electricity, natural gas, and water, it’s more efficient to combine their amounts under a heading, “utilities”. So it is true for the various kinds of insurance, professional services, taxes, etc. Also, by grouping such related accounts in QuickBooks, its reports appear more organized and readable, especially since QuickBooks provides subtotals for each grouping. Creating a subaccount is easy in QuickBooks. Follow Company > Chart of Accounts, highlight the desired subaccount, select Account > Edit Account, click “Subaccount of” and select its parent account.

Setting up a chart of accounts is not an overwhelming task in QuickBooks. A wizard is provided, industry templates are included, and example accounts are suggested. Accounts easily can be created, edited, and merged with a matter of clicks. If you need a starting point, grab your tax return or financial statement compiled by your outside accountant, and enter the accounts found therein, decomposing summary accounts into subaccounts in QuickBooks. And always remember to backup your company’s QuickBooks’ file before merging two accounts in the event you wish to reverse the process. By creating a more organized and efficient chart of accounts, you will not only save on accounting fees but you will improve your accounting reporting in-house as well.

 

Credit: http://www.cpa-connecticut.com/quickbooks-chart-of-accounts.html