QuickBooks Online: Chart of Accounts in Detail 

Hello Hector, I am a QBO newbie and this video was incredibly helpful to me. I went from feeling very overwhelmed by QB to being confident in the basics of Chart of Accounts. You are a fantastic teacher. I'm so glad I found your videos. I can sleep at night now! Thank You!

This tutorial was a HUGE help with explaining the Chart of Accounts - which has been a mystery to me for years! THANK YOU!!!

I just discovered you also! You are a wonderful advisor! I’ve learned so much very quickly and with little stress! Thank you! Mucho!

Wow! 12 mins in and I’m blown away by this helpful and valuable content. Thank you 🤗

You are doing God's work, Hector! Thank you so much!

Radom search needing help setting up a new investment rental property. Dude you are amazing. I’m a long time QB user, just a few minutes with your videos learning new a valuable things. I’m now a subscriber to your channel. Thanks!!

I subscribed yesterday to see Chart of Accounts, and today you made this video. Great!

Thanks, Hector, and what I really learn from your site was great !!!!

Incredibly helpful, thank you Hector!

Incredibly helpful, thank you for the spreadsheet too!

Thank you so much for the detailed descriptions and explanations!

hey hector i am a CA student i hope i learn from your videos and earn via freelamcing ...your teaching meathod is perfect :)

12.19.20 Thank you Hector for taking the time to explain the Account Type and Detail Type.

Thank you so much for these tutorials! I have been so lost in QuickBooks and your videos are helping me understand.

EXCELLENT!!! Thank you Hector!

Thank you! Lots of info... will keep coming back to learn well.

Awesome video sir, thank you so much very informative and most appreciated!

Thank you Hector, this is so helpful.

Thank you Hector!

Excellent explanation!

Hello Hector, wonderful explanation, very helpful in learning to understand where to enter items, Thank you

Thank you so much. I am just an English learner. Your class is really clear and easy to understand. I really appreciate your help. Even I am not an English native speaker, I can still understand the class

Super helpful! I am headed to your website for the Chart of Accounts detail. Thank you!

Hector, you are a great teacher. Love your videos 👍

Thank you Hector

Hi, do you have any video on setting up chart of account for a manufacturing concern which manufactures multiple items? Setting for COA for service sector is easy and straightforward while it is very complex for the manufacturing concerns.

Great of you Mr' Hector

Awesome video Hector!!!

This video is so Helpful. Thank You.

You are unique!

Gracias,very good video

Thank you very much !

Hey Hector, just getting started with QB. I'm an audio - video freelancer in Puerto Rico and need to add the 10% payment retention to my paid invoices and can't find a way to do this in the simple start plan. I've seen a couple of TS articles explaining how to do it but I think they are for the higher tier plans. Great vid production man. Thanks

There is a 'Reimbursible Expense' category that someone suggested I use for materials for construction jobs be tracked in. Is this correct or should I use a COGS expense category? By the way great video. Very helpful.

Thank you!!!

Love your videos, very helpful. I have a unique issue. I recently started working for a friend, his QB are a disaster. Where do you suggest I get help cleaning up this mess?

Thank you

I’m a subscriber for live Thank you

Thank you! great Info. Do you have any video how to JE to clean up the equity/ owners draws account from prior years.?

You are doing God's work, Hector! QBO Is there a cancellation of accounts in the chart of accounts? "Other than hidden or inactive" THANKS

You are great

Hi Hector, I am looking for your videos on Bank Deposit error made by bank in the amount but I cant find any, i hope you get to read this. We made a check deposit $5000 for an invoice in QBO but the amount posted in the bank was $6000. Then a day after the bank made an adjustment of -$1000. Now, i am now confused what to do as I get to do the bank deposit of $6000 but don't know how to add the adjustment of -$1000. Can you help? Thank you in advance.

Hector you are 200%

Hola Héctor ,tengo una pregunta . Que precio tiene un training para mis libros con usted ? Gracias espero su respuesta

What if for the whole accounting cycle there is no bad debts, all customers pay, but bad debts was already recorded in the income statement as an expense, should I make adjusting entry: debit Allowance for bad debts and credit Bad debts?

thank you

Hi Hector, Thank You so much for these videos is anyways I can do an appointment with you?

Thank you for educational, I wondered if the usage of CoA code / account number is any important ?

Hi Hector.....thank you!! also, where is the link so that I can print out a list of the chart of accounts that you mention about 29 min into this video?

thanks a lot Hector. i am learning a lot with your videos. i hpe that you can respond my question. can we show the bank of account on the invoice? the customer want to see it. thank you. Blessings

I have been using QBO for two, going on three years. I have not been using it correctly and am trying to go back and fix things. I am having nothing but troubles. One issue I am looking for help with is creating sub accounts. Im not sure if it has been updated, but when I create a new account, the forum is less intuitive and no option to add a sub or child account. Any insight is helpful, thank you.

Hi hector, i am using quickbooks for a pharmacy setup. Can you please guide me for initial setups. Thanks

Hi Hector , thank you for all the info provided ! I have a question, which category should the Sales tax be ? assuming that they have already been paid , I placed them on the Sales to be paid and it shows on the balance sheet as a Liability , should not be an expense? THANK YOU !

Hi Hector do you have any sample coa for a church and how enter donation and offering so at the end you can pull a report

Hello, I purchase truck tires from vendors and I get charged Federal Excise Tax (FET) for each tire purchased (The Vendor reports the FET to IRS). I then resell the tires to consumers and charge them, pass on, the same FET, no profit . What is the best way to set up the payment of and the collection of FET (non-taxable income) in my chart of accounts?

I could not find link to QBO account explanations

This is great info, but quickbooks recently updated their software and now when you click "new" on the initial chart of accounts, it takes through a step by step process that does not give you all of the options. Is there a way to go back to the method you're showing?

This is great, thank you. You mention you'd copied and pasted all the expenses detail types and associated descriptions into an excel spreadsheet. I can only find a link to your paid ultimate Chart of accounts. Please can you share the link to this free excel spreadsheet? Forgive me if I've misunderstood. Thank you

Just want to ask , if it is possible to use qbo for personal use , like recording my daily personal expenses, that will also serves as my practice being a bookkeeper? Thanks and God Bless

Close income and expense monthly or yearly, please? How to bookkeeping closing? Thanks

Mr. Garcia I am trying to email your office? I’m getting an error . Please help

HI Hector. I have been dealing with a issue simple issue. I already create my COA in Quickbooks online version. But when I run the Balance Sheet Report it display the account in alphabetical order insted the right accounting layout (Current Assets: Cash, Acct.Receivale, etc). My Balance Sheet display the Account Receivable first and then Cash. Any idea why QB online sort the Balance Sheet accounts alphabetical?

hello hector i am a great fan of qb but i have not used it for 5 years, i got me the newest verison in cloud an i m so confuse, need to start some new info i am creating the info as i go along what is the best way to start, this verson doesnt have the account icon it only has list as a selction then it list the charge of account, what is the best way to start this system

How do you add a new account to show on profit and loss report? ones its been done in charts of account. Thanks

Great Learning.... Difficult to find out modules on Payroll on QuickBooks ....?

Do you have a video for churches and adding offerings and donation and a minster income when taxes are not withheld

Is there a way to create a new "Detail Type" when you are creating a new account under Chart of Accounts? I have an Expense that does not fall under any of the categories listed under "Detail Type" and would like to create a new heading that would appear directly under "Expenses"

Hi Hector, I am trying to find the link to the PDF version of the chart of accounts numerical template. I thought I saw that somewhere in one of your Tutorials?

Hey hector! Ive been watching your videos and you’ve really helped me out! However I have one issue at the start of my qb career I accidentally made categories into accounts!! What now?

Hi! Your videos are very helpful, i am using QBO and when i click on create new (in chart of account) the pop up is not like what i see on the video its new and opens on the right hand side with all the catagories on top instead of a drop down and it does give me the option for sub account and shows me a preview of my P&L saying new account preview...... How do I get back to this way of adding to chart of accounts

Hector thanks for the valuable information you provide. I wanted to ask a question. I have used QB Desktop for a year and am transitioning to QBO. I have 5 separate bank accounts on QB desktop and would like to have all 5 under my QB online and am trying to determine how to do that. I am starting with QBO fresh to create my organization with all 5 bank accounts. Any info that would help me do this would be awesome.

Thanks Hector for your help. I received the accounting from a new company that has been in operation for only a few months, but they never coded the accounts. Is there any problem if I add to the existing accounts the codes?

Let say when we created a company we put 10000 as opening cash balance but later on we decided that we should track cash by location. When I created cash accounts by location I made them subsidiary accounts to cash account. Now my trial balance is showing cash by location individually and parent cash account is showing sum of cash by location and the opening 10000 . I want cash by location as subsidiary and the cash account as the parent. Please if you could advise how to deal with this situation.

I am trying to split my receipts to add the sales tax for job materials purchased. But, I really don't know what to categorize it. Can you help me?

Hello I am a newbie in QBO, I worked for a company that have a system in place, but want to use QBO but when trying to get all of the chart of account transfer to QBO, my boss want to used the same method which consist on the numbers code. I have research for it and asked and no one since to know what I'm talking about. But I see in your traning video when adding to a chart of account the number system is in there. Can I still use that or that's no lomger available in QBO? Refering to video training charts of account in details.

For “Ask Accountant” under which Account Type should we create this? Thanks

Hi Hector, I am trying to delete some accounts that my clients does not use anymore. When I tried to do that, for some accounts QB Online tells me that it cannot be done because the account is associated with a 1099 "field". How can I remove this "1099 setup" from the account? Thank you

Hector, buenas tardes, por favor cómo puedo agregar al plan de cuenta el numero de la cuenta, tengo la version online de los Estados Unidos.

40 seconds in and you already have a feature that I don't seem have access to. When I make a new account, I'm given a completely different window popup that doesn't have the ability to change or set account numbers.

new account when i clicked new it it doesn't look like yours on video 30 seconds into it My window shows circles with pictures of money banks charge card and others. then space below has what you want new

I think personal expenses should be Owner's withdrawal account..

Cuál es la diferencia en QB online y Desktop? Deberías poner más vídeos para la Comunidad de habla hispana. Gracias por el buen contenido.

When I go "manage accouts" my checking account is on the list but the switch is off..When I click it on, it does not appear on the "which accounts do you want to connect". HELP PLEASE

Thank you so much for these videos. I am with a Non-Profit 501(c)(3) and need some assistance with accounting for restricted grants/donation as and unrestricted donations and a plethors of questions about setting up tracking for special Events, etc. Can you assist?

I'm trying to understand Chart of account right now. It can be very frustrating when you've never been shown how to do it and what to put and where. So my question is when im done adding my information in Chart of Accounts I then went to Journal to add the same information to that. Now whats next? When adding a SBA loan I deposited the funds in checking but don't understand how I separate what I pay with my loan and what I pay with work income for the same business bank account. I dont know if its suppose to even be separated or do I just start going down my bank statement and show where funds go in checks.... settlement pay.. Its very confusing and my new account is very inpatient when I dont understand the first time. Which makes it even more stressful.

Hi Hector, I had purchased QBO 2022, it seems every thing different, creat a new account completely different, the page to creat an account different, and not included assets, other current assets? Is QB Made changes for 2022? Thank you.

I will share you

Can you provide me COA package suitable for small business

QuickBooks needs to do a lot better with nonprofit organizations menus

Speak more clearly please

Rather record my books with scratchings on a cave wall then use this bullshit.

Sorry man I have to unsubscribe you don't answer questions not cool.

Thank you