Hi I'm Aimee from Razor Accounting the sharp solution for your finances this is
a QuickBooks desktop tutorial on how to edit accounts within your chart of
account and if you're enjoying the content on this channel please hit that
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now the QuickBooks chart of accounts has five different types of accounts there
is income expenses assets liabilities and equity these different types of
accounts tell QuickBooks where to put each account on the financial statement
your income statement will have income and expenses and your balance sheet will
have assets liabilities and equity if you use the QuickBooks company setup
there is a good chance that you already have most of the accounts that you will
need in your chart of accounts set up for you by QuickBooks if you don't have
one account or several accounts and you feel like you need to ask them there are
a couple different ways that you can do this you can add a new general ledger
account from any data entry or a transaction entry screen that you're
working in right now I'm in accounts payable and to add a new account from
here under the account column select the drop down and then up towards the top
select add new the first thing to do is to choose the type of account that
you're going to be adding and remember this is very important because the type
of account that you select tells QuickBooks where in the financial
statements that you want this account to go in this example I'm going to select
expense once you've selected your account type choose continue from here
you need to give your account a name make sure that the account name that you
select is very descriptive so it's easy to find later when you're looking for it
you're welcome to add more information in the description box if you'd like
use the drop-down menu to select the appropriate tax line mapping for your
account if you can't find the exact wording select the closest thing that
you can find and make sure that you're in the correct account type this is an
expense so I'm going to make sure that I'm selecting an expense account for the
tax line mapping that's closest to the description of my account name when
you're finished select Save and close
you can also add a new account to your Chart of Accounts directly from the
Chart of Accounts screen to access that go up to the top menu where it says
company and down towards the bottom where it says chart of accounts
to add a new account from here go down to the bottom left side of your screen
where it says account and select the drop-down go up to the very top of this
menu and select new from here follow the same steps to add your new account
starting with choosing your account type at some point you may need to edit some
of the accounts that are already set up in your Chart of Accounts if you'd like
to edit an account select the account that you're going to edit by clicking on
it and then go down to the bottom left side of your screen and click on the
drop-down and then go up towards the top and select edit account in this screen
you'll be able to make whatever changes you need to to your general ledger
account once you're finished making your changes go ahead and select save and
close if you would like to delete an account select the account that you
would like to delete by clicking on it they
to the bottom left side of your screen again and use the drop-down menu to
select the lead account so that's it for this tutorial on how to edit accounts
within your turn of accounts in QuickBooks desktop if you do have any
questions about this please leave a comment on this video and I will be
happy to answer your question as quickly as I can
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