40634762
Description
Mind Map by Tammy McClintock, updated 3 months ago
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Created by Tammy McClintock
3 months ago
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QBO Chapter 2 Chart of Accounts
- Ways to Create a COA:
- Import using a CSV File
- Customize COA, adding & editing accounts
- Customize COA, adding & editing accounts
- Import using a CSV File
- Account numbers used to uniquely identify accounts
- Can reduce errors by eliminating account number misspellings
- Account numbers are used as a coding system to identify the account type
- Account numbers are used as a coding system to identify the account type
- Can reduce errors by eliminating account number misspellings
- ADVANTAGES OF IMPORTING
- Time Savings
- Error Reduction
- Error Reduction
- Time Savings
- DISADVANTAGES OF IMPORTING
- Glitches can occur
- Error in CSV File
- Error in CSV File
- Glitches can occur
- Chart of Accounts can be customized to track information needed for specific tax form
- Different Types of Accounts
- Balance Sheet Accounts
- Liabilities
- Assets
- Equity
- Assets
- Liabilities
- Profit And Loss Accounts
- Income
- Expenses
- Income
- Balance Sheet Accounts
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