Run Your Business | How to Organize Your Chart of Accounts

A chart of accounts is a list of the account numbers and names relevant to your company. In this video, Astrid Daniela Galvez (QuickBooks ProAdvisor and Tax Specialist) clarifies the 4 primary groups in a standard chart of accounts (Asset, Liability, Income, and Expense) and provides some helpful tips in organizing them to make your small business’ financial information easier to access.

00:00 - Introduction

01:31- What is the chart of accounts?

02:06 - Asset accounts

02:44 - Liability accounts

03:12 - Income and expense accounts

04:13 - Tips for setting up your chart of accounts

Learn more about a chart of accounts: https://intuit.me/3kX2cYN