QuickBooks Tutorial 1-1: Use the Chart of Accounts
Step 1: Open Your Chart of Accounts
Choose Lists | Chart of Accounts, or press Ctrl + a to open your account list. Move the Chart of Accounts list to any location on your screen by placing your mouse pointer in the title bar of the Chart of Accounts window and dragging.
Step 2: Resize Chart of Accounts Window
You can resize the list if you want to see more accounts, by placing your mouse pointer on the edge of the list (your mouse pointer will look like a double-sided arrow) and dragging.
Step 3: Reorder Accounts on Chart of Accounts List
Change the order of accounts by placing your mouse pointer at the left side of the account you want to move. Your mouse pointer will look like a black cross with arrows on the points. Drag the account to a new location.
Step 4: Change Hierarchy of Accounts
Make an account a sub-account by dragging an account to it is indented beneath another account. This will enable you to produce financial statements in which the information from the second level, or sub-account, is summarized in the first level, or master account.
Step 5: Close Chart of Accounts
Close the Chart of Accounts window by clicking the "x" in the upper right corner of the window, or by pressing the ESC key on your keyboard.
Voice of the Editor
Which isn’t completely true. I mean, occasionally I drop by when I manage to sneak out of the nonstop frat party over at Going Concern, but I’m mostly a wallflower over there. I’m happy to say that I’ve been given express permission (or explicit orders, if you like) to wander over here to AccountingWEB more often.
Why is that, you might ask? My job is to replace the irreplaceable Gail Perry as Editor-in-Chief. What does that mean? I don’t really know! I think it’ll be fun getting a feel for things, throwing in my own thoughts here and there, and listening to the discussions you’re having about the accounting profession.