Review your chart of accounts

QuickBooks creates an initial chart of accounts based on how you answered the questions when you set up your company. To see your Chart of Accounts, click the Gear icon, and click Chart of Accounts.

What is a chart of accounts?

A chart of accounts is a complete list of a business's accounts and their balances. There are two broad categories of accounts on it:

• Balance sheet accounts. In QuickBooks, these types of accounts reflect what you own and what you owe, like Bank, Credit Card, Assets, Liabilities, Accounts Receivable, Accounts Payable, and Equity.
• Income and expense accounts. These are categories for tracking how money flows in and out of your company.

Your chart of accounts is important because it determines how much detail you can show in some reports.

To print your chart of accounts

You may want a reference copy of your initial chart of accounts before you set up your company.

1. In the navigation bar, click Reports.
2. Click All Reports > Accountant Reports > Account Listing.
3. Click Print.

The next step is to add the income accounts you need.