Sunday, August 12, 2007

Setting up Chart of Accounts


I have than small business for septic company what chart of accounts I would need to enter into QuickBooks Pro.  If you would be so kind to help me out with this it would really help me to setup this company.

Thank you, for your time and cooperation with this matter


There is no such thing as a one size fits all chart of accounts that accommodates every business, even in the same industry.

The QB program comes with several pre-configured charts of accounts.  The best thing is to just start with the one that is closest to your industry and then modify it as you go.

You should be working along with your professional tax preparer to make sure that the Classes and Accounts in your QB data file dove-tail with your tax returns; so having him/her look it over and fine tune them will make everything go much more smoothly in regard to tax planning and preparation.

Good luck.  

Kerry Kerstetter