QuickBooks 2014 The Guide, 2nd Edition

Chapter 2

Using Accounts in QuickBooks

In this chapter:

•  Review the accounts that QuickBooks uses

•  Decide whether to use numbers for accounts

•  Create accounts

•  Create subaccounts

•  Edit, delete, and merge accounts

The Accounts that QuickBooks Uses

QuickBooks uses accounts to categorize the many different transactions that occur as you operate your business, and the list where all these accounts live is called the chart of accounts. In addition, these accounts are further categorized by type. Assets, liabilities, income, and expenses, for example, are the account types most frequently used. The good news is that as you enter transactions ...