Asset accounts you start with

QuickBooks automatically sets up these asset accounts for you:

Asset

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.”