So far, we have a basic understanding of chart of accounts and to manage the payments received and paid you need to add your bank accounts so that you can manage and categorize your finances quite conveniently and, in this tutorial, we will see how we can add bank and credit card accounts in QuickBooks desktop.
= Topics discussed at:
- 00:30 Create Bank Account in Quickbooks Desktop
- 00:50 Write a name of your bank account in quickbooks desktop
- 01:20 Adding description of an account
- 01: 38 Adding Bank account and Routing Numbers
- 01:50 Tax line Mapping
- 02:00 Activate account numbers in QuickBooks desktop
- 02:35 Adding opening balance of an account in QuickBooks Desktop
- 02:48 Setting up a reminder for ordering checks in QuickBooks
- 03:30 Create Credit Card account in QuickBooks desktop
- 04:05 Equity balance in QuickBooks desktop
The sequence of assigning account numbers in QuickBooks
10000 to 19999 = Assets
20000 to 29999 = Liabilities
30000 to 39999 = Equity or Capital
40000 to 49999 = Income or Revenue
50000 to 59999 = Cost of Goods Sold, Job Costs, or Project Costs
60000 to 69999 = Expenses or Overhead Costs
70000 to 79999 = Other Income
80000 to 89999 = Other Expenses
90000 to 99999 = Non-Posting
QuickBooks Desktop | Adding Bank and Credit Card Accounts
Adding Bank and Credit Card accounts in QuickBooks Desktop
How to add Bank and Credit Card accounts in QuickBooks Desktop
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