Chapter 2

Setting Up General Information

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When you first start using QuickBooks, you can set up background information to manage various aspects of your business. In this chapter, you learn, among other things, to set up new accounts and establish their opening balances, and to create classes and custom fields.

Create a New Account

Enter Opening Account Balances

Set Up an Existing Bank Account

Create Classes

Create Other Names

Create a New Account

Although QuickBooks creates basic accounts when you create a company, rarely are these accounts sufficient or totally accurate for your business. You need to add or change the asset, liability, equity, ...

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