Accounts receivable | Track what your customers owe your company. QuickBooks sets up an accounts receivable account automatically when you enter your first invoice. |
Bank | Track a checking, savings, or money market account. |
Fixed asset | Track your company's fixed assets(assets your company holds for more than one year). To track depreciation, use fixed asset accounts. |
Other current
asset |
Track current assets that are not receivables or bank accounts, but which you plan to convert into cash or use up within one year.
Examples: inventory, treasury bills, certificates of deposit, prepaid expenses, prepaid deposits, reimbursable expenses, and notes receivable (if due within one year). |
Your company assets are the things that your company owns.
QuickBooks distinguishes between two types of assets: