![]() On a PC or Mac version of QuickBooks, it can usually be located in the upper right hand corner of the Home Page. You may have old expense accounts that are no longer applicable to your business or operation, or you may have duplicated some different types of accounts and need to merge them together to have a cleaner set of financials.įirst, locate your Chart of Accounts. The beginning of a new year is the perfect time to look through your Chart of Accounts in QuickBooks and make some updates. These account types include your income and expense accounts that show up on your Profit and Loss, as well as the asset and liability accounts that are on your Balance Sheet. ![]() Have you looked at your Chart of Accounts in your QuickBooks file lately? Whether you have been using QuickBooks for a month or for five years, a Chart of Accounts can sometimes be confusing and messy – especially if you do not know what it is or how to utilize it.Ī Chart of Accounts is exactly what it sounds like – it lays out all the different types of accounts set up in your QuickBooks file that help track your everyday transactions.
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