• Create BookmarkCreate Bookmark
  • Create Note or TagCreate Note or Tag
  • PrintPrint
Share this Page URL
Help

Chapter 1. Setting Up Your Company with ... > Setting Up Expense Accounts

Setting Up Expense Accounts

Expense accounts are used to categorize your company's cash outlays. In addition to the expense accounts that QuickBooks provides with its standard chart of accounts, you will no doubt need to add accounts that are unique to your business. You can wait until the EasyStep Interview is completed and add your own expense accounts later, or you can enter additional expense accounts while you are still in the interview.

Set Up Expense Accounts

Scroll through the list of expense accounts provided by QuickBooks, comparing the accounts on that list to those you need for your business. Make a note of any expense accounts you need to add.

Click Yes when you are asked whether you want add an expense account; then click Next to proceed.

Enter a name for the account. You are limited to 31 characters, including spaces, for your account name.

Indicate whether this account is to be a subaccount of another account. If this is a subaccount, enter the name of the parent account.

If you plan to use QuickBooks for organizing your tax information, assign a tax line to this account.

Click Next to add the new account to your Chart of Accounts.

Continue answering Yes when asked whether you want to add another expense account until all your expense accounts have been entered.


PREVIEW

                                                                          

Not a subscriber?

Start A Free Trial


  
  • Creative Edge
  • Create BookmarkCreate Bookmark
  • Create Note or TagCreate Note or Tag
  • PrintPrint