QuickBooks automatically sets up these asset accounts for you:
Your company assets are the things that your company owns.
QuickBooks distinguishes between two types of assets:
Accounts receivable | Track what your customers owe your business. QuickBooks sets up this account automatically when you enter your first invoice. |
Checking | Track a checking, savings, or money market account. QuickBooks sets up this account the first time you write a check. |
Fixed assets | Track the depreciation of your company's fixed assets. QuickBooks automatically sets up this account if you select a preset chart of accounts when you create your QuickBooks company. The account includes a subaccount named “Accumulated Depreciation.” |