Tag Archives: chart of accounts

Payroll Setup in your Chart of Accounts

Whether you are going to be integrating your payroll data from a 3rd party provider into your current bookkeeping platform or utilizing your own in-house payroll system, it is always a good idea to properly setup your corresponding liability and expense accounts in your chart of accounts AND periodically check the data and balances in all

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Organizing Your Chart of Accounts in QuickBooks

Nearly every time I begin working with a new client, I have to modify their Chart of Accounts.  There is generally a lack of proper organization and a misuse of Balance Sheet and Income Statement type accounts that requires my assistance.  There are usually three issues found in the misuse of the accounts: Redundancy –

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