general Ledger account

Hi there LAWall,

Thanks for reaching out about setting up your chart of accounts. QuickBooks Desktop is a great tool able to help you keep track of expenses, sales and other accounts so that you can see the financials of your business. I can point you in the right direction for assistance with entering this in your chart of accounts correctly.

To know how you should be entering this account in your chart of accounts, I recommend reaching out to your accountant. Their expertise will be able to guide you with the type of account to choose in order for your books to be well-balanced. If you'd like to find an accountant near you that has experience using QuickBooks software, you can check out our Find an Accountant page.

If you have any other questions, feel free to reach out here.