This list is one of the most important lists you will use in QuickBooks it helps you keep your financial information organized. The chart of accounts is a list of asset, liability, equity, income, and expense accounts to which you assign your daily transactions. We will start first with the chart of accounts. It might already exist if you created your file with the Express Start discussed in Chapter 1, “Getting Started with QuickBooks.” What becomes problematic for some is how to efficiently use each of the available list types when you want to segment the business reporting activity in QuickBooks. The QuickBooks chart of accounts is easy to set up. Customer Type List-Capability to view your gross profit by user-defined customer types. Class List-For tracking different corporate profit centers (divisions).Items List-For tracking the profitability of individual services and products sold.Chart of Accounts-For organizing your daily transactions.With QuickBooks, you can use the following lists to analyze your business:
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