Chapter 2. Reviewing the Chart of Accounts
Understanding the Chart of Accounts
The chart of accounts is a list of asset, liability, income, and expense accounts to which you assign your daily transactions. This list is one of the most important lists you will use in QuickBooks; it helps you keep your financial information organized. If this list is created properly, you can capture information in a timely manner that will help you make good financial and management decisions for the business.
Understanding the chart ...
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