Understanding how the chart of accounts works in QuickBooks Online

The Chart of Accounts is the hub of your accounting. It’s the central place where you decide how you organize your transactions.

Every account or category you use in QuickBooks for every transaction comes from the Chart of Accounts.

Let's go over the Chart of Accounts, how it helps you organize your business, and how it affects your financial statements.

0:00 Understanding how the chart of accounts works in QuickBooks Online
0:25 How the chart of accounts works
0:43 How a transaction affects the chart of accounts
1:13 Types of accounts in the chart of accounts
2:09 Why some accounts don't have balances
2:36 Which accounts should your business have?
3:03 How your accounts show up on your financial reports

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