Chart of Accounts: What It is and How to Set it Up

What's the chart of accounts? How to set up the chart of accounts in QuickBooks Online: bookkeeper basics. If you're starting a bookkeeping business, one of the first things you need to have an understanding of is the chart of accounts in QuickBooks. Learn how to set up and customize your Chart of Accounts in QuickBooks Online with this step-by-step tutorial for bookkeepers. The video breaks down account types like income, expenses, assets, and liabilities so your bookkeeping reports are clean and accurate. I’ll show you real-life examples inside QuickBooks to help you understand how categories flow into the Profit and Loss and Balance Sheet. You’ll also learn how to rename, merge, or simplify accounts so your clients aren’t overwhelmed. This is one of the most important tools for any bookkeeper working with QBO or starting a bookkeeping business. I also cover batch editing, creating subaccounts, and the best practices I use in my own client work.

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