Tag: chart of accounts
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QuickBooks Online Chart of Accounts
There are certain accounts QBO automatically creates when a new company is created. These certain accounts can be deleted or edited and there are certain specific accounts cannot be deleted. They are integral part of QBO company account setup. These are specific accounts that cannot be deleted or used for anything else. Here are specific…
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How can I change the sorting of the chart of accounts? I want my accumulated depreciation to appear under the related asset.
It is a known issue at this time. There is no way to reorder it like in desktop version. Only way is to show cost first and then depreciation is to assign account number. See attached screen photo for reference. If you feel this feature need to be added in future revision, please add your…
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How do I reorder chart of accounts in QBO?
There is no such option to reorder COA available at this time. It is unfortunate and very ridiculous, right! If you feel this feature need to be added in future revision, please add your voice here. I’ve already done it in the past. http://feedback.qbo.intuit.com
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I accidentally deleted the Cost of Goods Sold in my Chart of Accounts. When I went to recreate it, the detail no longer includes a general COGS option. How do I re-add the top-level COGS detail?
Luckily, you cannot delete account in new QuickBooks Online. You can make it inactive only. To make it active again: Go the Chart of Accounts (Company Gear (upper right corner) > Lists > Chart of Accounts Include Active checkbox (see attached screenshot photo for reference) Chart of Accounts page will refresh itself Scroll down the…
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How do I re-sort the Chart of Accounts in new QuickBooks Online?
Chart of Accounts is currently designed to sort account names in alphabetical order only. There is no way to resort your accounts the way you want it at this time. It is numerical order if using account numbers instead of name. I like to see the following improvements on Chart of Accounts: Ability to drag…
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In Chart of Accounts I do not see any that’s fit for R&D. Which account detail type do I enter our R&D expenses in new QuickBooks Online?
It requires that R&D generally be expensed as incurred now. So, in QBO, it should be considered an Overhead Expense, not a Direct Cost or COGS. How to set up R&D as Overhead (O/H) in QuickBooks Online? Figure out the main primary operating costs for R&D and categorize expense types. In the QBO Chart of…
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How to import Chart of Accounts in new QuickBooks Online?
Here are the steps needed to import the Chart of Accounts: From the gear icon go to Import Data and choose Chart of Accounts. Read the checklist before importing and make sure your file fits the requirements for import (must be a .csv or Excel file format and must have Account Type and Name fields). I recommend downloading this sample…
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Can I undelete account that was deleted from the Chart of Accounts?
Yes, you can undelete a deleted account in QBO. From home page screen, select Company Gear (top upper corner) Select Chart of Accounts under Settings Select “Include inactive” (located next to Filter by Name) The page will refresh automatically. Locate the account you want to undelete from the list (it will indicate as deleted account)…