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lim-charissadani
August 7, 2023
Question

Chart of Accounts for a Digital Marketing Sales Firm

  • August 7, 2023
  • 1 reply
  • 0 views

Hi everyone! I need help in properly importing the best Chart of Accounts for a Digital Marketing Sales Firm. Do you have any leads to where I can see and review them before I use it for my client's QBO. My client already has its own COA imported by the past Bookkeeper but it has loads of unnecessary accounts. Can you show me the step by step on how I can make the others inactive preferably BY BATCH ACTION, if possible in my client's QBO subscription. And how to import the updated one without having problems with the data. Thank you in advance.

1 reply

MJoy_D
MJoy_D
August 7, 2023

I can share some information that can help you with handling and managing the Chart of Accounts in QuickBooks Online, @lim-charissadani. 

 

I advise speaking with an accountant to determine the ideal Chart of Accounts to use for your Digital Marketing Sales Firm. They are the ones who can provide you with further information on this. 

 

Here's a step-by-step guide on how to batch inactive the Chart of Accounts:

 

  1. Go to the Gear icon (⚙) and select Chart of Accounts.
  2. Find the account you want to make inactive by clicking the checkbox beside it.
  3. Click the Batch actions dropdown and select Make inactive.

 

After getting all the information that you need for your Chart of Accounts, refer to the following article about formatting your spreadsheet, uploading or importing to QBO, and adding opening balances for your accounts: Import your chart of accounts to QuickBooks Online.

 

From here, you can now add your transactions by connecting your bank or credit card accounts to QuickBooks. Once done, you can now review and categorize downloaded transactions in your account.

 

Let me know if you need more help with managing your Chart of accounts. I'm always here to assist. Have a wonderful day!

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