Setting up your accounts

QuickBooks uses accounts to track your transactions. To help you get started, QuickBooks suggest a set of accounts for the type of business you have. You can change these later by editing your Chart of Accounts.

To set up your accounts:

  1. On the Industry menu, select the type of business that comes closest to describing your company.
  2. (Optional) In the Accounts list, select or deselect the accounts you want to set up. QuickBooks suggests a default set backed on your Industry selection. If you make changes and want to go back to QuickBooks suggested accounts, click Default.
  3. Click Finish to create your company file.

You can click Expert Settings to set non-standard settings for your company file. You'll probably only need these if your accountant has given you specific instructions.