This is what I consider to be “The Ultimate Chart of Accounts” that fits most companies starting up, and requires minor tweaks to adapt to the specific company needs DOWNLOAD AN EXCEL SAMPLE HERE
Full disclaimer: Chart of Accounts are supposed to be customized for each business, this is meant to be a template that could cover 90% of the accounts, and then you will customize the rest as you see fit, this chart of accounts kit comes with about 150 accounts that you could edit/remove as you please.
If you are setting up a QuickBooks file from scratch for the first time, I strongly recommend you get my Chart of Accounts Kit for $48, it comes with QuickBooks Desktop Blank File and QuickBooks Online Excel Template for importing.
Check out what the reports look like:
- Balance Sheet
- Profit and Loss Expanded
- Profit and Loss Collapsed (one page)
- Tax Line Mapping (QuickBooks Desktop Only)
On the same kit, you will also get a an importable excel template that will work for QuickBooks Online as well, this video explains how it works:
NOTE, if you don’t have a PayPal account, you can pay with credit card by clicking on the “Pay with Debit or Credit Card” button after you checkout, looks like this:
The blank file is the best for setting up new files in QuickBooks Desktop Pro, Premier, Accountant, or Enterprise 2016 to 2020.
Also included is an Excel spreadsheet included is designed to work for QuickBooks Online. Important Note: QuickBooks Online Simple Start, Essentials, and Plus have limitations of a maximum of 250 accounts in the Chart of Accounts; if you are attempting to import these accounts (that is about 150) this into an existing file, you might run into a roadblock if the sum of existing accounts and new ones add up to 251 or more.
E-mail me if you have any questions: firstname.lastname@example.org