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Chapter 3. Using the QuickBooks Chart of... > Choosing a Chart of Accounts

Choosing a Chart of Accounts

In Chapter 2, “Accounting 101,” you learned about the different types of accounts that are used to describe the financial activity of a business. You can start from scratch and create your own accounts list, or you can use the chart of accounts that is provided by QuickBooks and add or delete accounts to customize the list to your business needs.

An existing business that has a chart of accounts in place will probably want to skip the QuickBooks standard chart of accounts and enter its own account names. A new business that is just starting to determine which types of accounts to use is well-advised to use the QuickBooks standard chart of accounts as a starting point.


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