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Butler Group
March 1, 2023
Question

Chart of account

  • March 1, 2023
  • 1 reply
  • 0 views

We had our previous bookkeeper/accountant set up our quickbooks and chart of accounts. They did not set it up the way our business is structured, what is the best way to fix this? Do we need to delete everything and start from the beginning?

1 reply

A
Alex M
March 1, 2023

Hi there ButlerGroup,

 

It's vital that all your transactions be correctly entered in your books so that your account totals can be accurate. QuickBooks Online is a great tool able to help you keep track of sales and expenses so you can see the profit of your company. I can point you in the right direction for assistance with how you should be setting up your books.

 

In order to know the best way you should adjust your books, or if you should be starting from scratch, I recommend speaking to your accountant. They'll be able to view your books with you in order to formulate a way to adjust your books to the correct totals or recommend starting over in a new account. You can invite your accountant to QuickBooks Online so they can see your books by going to the My accountant tab. You can also find an accountant near you that has experience using QuickBooks by clicking the Find a pro to help button located in that section.

 

If you have any other questions, feel free to reach out here.

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