QuickBooks Chart of Accounts - Asset Section

Ok, put your bean counter hat on for just a microsecond and get a better understanding of the asset section of the QuickBooks chart of accounts. Remember: assets are things your business owns. The chart of accounts is nothing more than a big digital filing cabinet that is used to store copies of your QuickBooks transactions (checks, invoices, etc.) When you create a financial report such as the profit and loss in QuickBooks, it rifles through the filing cabinet to put together the appropriate transactions for the report from the filing cabinet. Click Lists in your menu bar, then Chart of Accounts to access it. When you click the "Account" box in the lower left hand corner and then "New", and you can choose from:

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