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Use Money market to track amounts in money market accounts.įor investments, see Other Current Assets, instead.
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Use Checking accounts to track all your checking activity, including debit card transactions.Įach checking account your company has at a bank or other financial institution should have its own Checking type account in QuickBooks Online To track cash from sales that have not been deposited yet, use a pre-created account called Undeposited funds, instead. Use a Cash on hand account to track cash your company keeps for occasional expenses, also called petty cash. NOTE: you can purchase an importable excel version of this chart of accounts BALANCE SHEET ACCOUNTS Account Type Here is a list of all the default accounts you can create with QuickBooks Online using the Account Type + Detail Type workflow: This YouTube video will explain how to use this list and how you can import a list of accounts into your QuickBooks Online: Third, I do have a free google sheets (downloadable to excel) spreadsheet with a complete list of accounts by industry and company type: Second, if you want an IMPORTABLE chart of accounts for QuickBooks, you can purchase my kit for my customized “Ultimate Chart of Accounts” for Online or Desktop that I setup for my clients, here: If you keep the account, you will get 30% off for 12 months, best deal out there! First, If you need to setup a free 30-day trial of QuickBooks Online use this link:
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