If you followed the steps above for setting up your company file, you should already be set up with the basic accounts needed for tracking expenses and income. You may want to check with your bookkeeper or accountant on the correct way to set up specific other accounts you might have. Any additional loans or credit accounts that you wish to track as part of your business finances.An Accounts Payable account where any money you owe to vendors will sit on reports until paid (this will be under "Other Account Types" > Accounts Payable).An Accounts Receivable account where any money owed to you by clients will sit on reports until paid (this will be under "Other Account Types" > Accounts Receivable).Any credit cards associated with your company that you'll want to use to pay for bills and expenses (these will be a "Credit Card" type).
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