4. Understanding QuickBooks Lists
QuickBooks offers several methods for tracking and reporting on your accounting data so you can review how your business is doing financially.
With QuickBooks, you can use the following lists to analyze your business:
• Chart of Accounts—For organizing your daily transactions.
• Items List—For tracking the profitability of individual services and products sold.
• Class List—For tracking different corporate profit centers (divisions).
• Customer Type List—Capability to view your gross profit by user-defined customer types.
The QuickBooks chart of accounts is easy to set up. It might already exist if you created your file with the Express Start discussed in Chapter 1, “Getting Started with QuickBooks.” What becomes ...
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