Tag: Chart of Accounts

QuickBooks®Online Tip: How to Categorize Bank and Credit Card Transactions

January 13, 2020February 13, 2020PFI StaffQuickBooks Tips

Once you have downloaded your bank and credit card transactions into QuickBooks® Online QBO, view them by clicking “Banking” on the left column of your dashboard. It’s important to recognize that it’s not until the transactions have been put into their respective income or expense category (as dictated by the chart of accounts) that the…

Where does all the money go?

June 15, 2017June 13, 2017PFI StaffChart of Accounts (COA)

The chart of accounts is how you know how much money your company has, what it owes, what monies are coming in as well as going out. Conveniently, QuickBooks comes with a chart of account ‘built-in’ in either standard or industry specific accounts. Common things to add to their ‘pre-populated’ list are things like company…