Adjusting the GL for Accounting Clients by Item and Account

QuickBooks® reports are largely based on two different lists – Accounts and Items. QuickBooks uses the Chart of Accounts and the Trial Balance balances to generate financial reports like the Balance Sheet and Profit & Loss. QuickBooks also uses the Chart of Accounts for the General Ledger and other standard financial reports like those found in any accounting software product.

Click here for a full PDF with the entire QuickBooks® Tip presented in steps with screen shots.

Editor’s Note: This is the last in a series of 10 tips on improving your productivity in QuickBooks. To view all tips, visit Intuit® Accountants News Central and click on the category, “Ways to Be More Productive.”

About the Author

Firm of the Future Team

This article is authored by the Intuit Firm of the Future team. For more information, visit www.firmofthefuture.com.

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