QuickBooks supports 16 total general ledger account types in its Chart of Accounts. Each account is assigned a single account type, which can be changed, subject to certain restrictions. 5 Income/Expense Account Types for the Profit & Loss (P & L) Statement Income Expense Cost of Goods Sold Other Income Other Expense 11 Asset/Liability/Equity Account […]
Should I Use Account Numbers In My General Ledger?
We think you should use account numbers in your general ledger, but we think it’s more important that you’re consistent in either using them correctly or not using them at all. To use account numbers, you need to enable that preference by visiting the Edit->Preferences menu and clicking on the Company Preferences tab of the […]
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