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connieharmsincom
August 4, 2022
Question

I have a new client, who provides financial support for Shandong Heavy Industry Group’s product sales, and their business scope mainly includes financial leasing and sale

  • August 4, 2022
  • 1 reply
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for construction machinery and commercial vehicles including parts.  I have not worked with this type of client and would like help in setting up the chart of accounts.  QBO is very limited.  Thank You, Connie Harms

1 reply

T
Trish_T
August 4, 2022

Hi connieharmsincom,

 

It's a pleasure to see you in Community.  Welcome!  It's important that you're able to record and track your transactions with confidence in QuickBooks Online.  I'd be happy to point you in the right direction so you're on the right track with your work!

 

When a QuickBooks Online company is created, QuickBooks automatically sets up standard accounts in the chart of accounts along with additional accounts based on the business.  However, you can add accounts as necessary to record certain transactions.  Here's a helpful guide about the Chart of accounts in QuickBooks Online.  If you're still uncertain as to how to record the financial leasing and sale of items, I recommend reaching out to an accountant.  If you don't have an accountant, we can help you locate a ProAdvisor in your local area.  However, the benefit of QuickBooks Online Community is that other QuickBooks Online users  and accountants can also chime in with helpful tips as well.

 

If you have any other questions, please feel free to reach back out.  We'd be glad to help!

 

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