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How to add a new account in QuickBooks?

Posted on 2008-10-28
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Experts I need help adding setting up a new account for my ING saving account in Quickbooks Pro 2008. If you have any tutorials or suggestions I would appreciate the help.
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Question by:clickclickbang
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Arpit Bajpai earned 2000 total points
ID: 22828639
After you have created the new company within QuickBooks, you can choose it to input your business banking information to more easily track your home office expenses and your spending habits.

To enter financial information for your home business, gather all this information, and click open QuickBooks on the Windows desktop. The QuickBooks icon can also be found by pressing Start>Programs.

Once the QuickBooks software is open, go to the top of the page and press "Lists".

On this menu you will see a many options, but to input the financial information for your business, press the "Chart Accounts" option.

By doing so, another window will open detailing all the various accounts associated with the new company file you created.

    * A new account will have to be created, and to do this press the Account tab in the lower left hand corner of the QuickBooks software.

    * It will then open up a range of options from creating a New account to Re-sorting the list. Press "New" to get started.

    * As a result another window will open asking for the type of account you would like to setup from the drop-down list. It is possible to create anything from a new bank account or an expense account.

The simplest account to start with is a Bank account; so select this as your first option. Choose a name for this account that is easy to remember, and include the relevant account description, bank account number, and opening balance.

QuickBooks will also notify when it is time to reorder new checks. Then select OK to save these changes.

The account creation process can be repeated to create another account with a different name. For example, this account can be used to track any sales made.

After you have created this new account, it is necessary to see if your efforts were successful. The software should automatically return to the Chart of Accounts, but your newly created account should now be listed. If the new account is not listed, you will have to repeat the previous steps in creating a new account in QuickBooks.
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by:clickclickbang
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Thank for your help apitbajpai! Your answer was very easy to follow and helped me successfully set up my new account.
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