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Accounting & Bookkeeping & Small Business Forum
Accounting, Bookkeeping, Marketing, and Small Business Resource
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| Posted: Mon Dec 27, 2004 6:01 pm Post subject: Setting up bookkeeping business in QuickBooks |
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This may seem really obvious, but I thought that I'd ask anyway. When setting up my bookkeeping business in QB's, should I select the Accounting/CPA or the Consulting type of business? Is there a way to see what the COA would include for the different types of businesses prior to setting them up? All that QB's shows are sample companies for a service type and a product type.
Thanks,
Christine |
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Guest
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| Posted: Tue Dec 28, 2004 11:31 am Post subject: RE: Setting up bookkeeping business in QuickBooks |
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When QuickBooks sets up a chart of accounts, they are trying to think of all the things that a company may someday need. I have found that most of the COA's are too cluttered. I suggest you start with a basic COA such as what we have in Module 3 in the "Setting up a New Business" section.
It is so easy to add accounts as you need them, I don't like to have a whole bunch of accounts I will never use.
If you haven't already been through it, the training at www.knowquickbooks.com takes you through the creation of 3 different companies. |
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