QuickBooks Consultants and Bookkeepers need to track their own business income and expenses just as they do for their QuickBooks Accounting and Bookkeeping Chart of Accountsclients, and QuickBooks has a chart of accounts tailored for companies in the accounting industry. CPAs, accountants, and bookkeepers offer many services such as personal and business tax preparation, consulting, financial planning, payroll processing, bookkeeping and even training services.  Accounting companies are almost entirely service based unless they sell applications like integrated QuickBooks add-on software. So a good chart of accounts for accountants will be set up accounts based on services such as:

  • Bookkeeping
  • Payroll Processing
  • QuickBooks Consulting and Training
  • Integrating Software with QuickBooks
  • Customizing Reports
  • Tax Preparation
  • Consulting
  • Financial Planning
  • Budgeting
  • Forecasting
  • Cash Flow Analysis
  • Financial Analysis
  • Bank Reconciliation
  • Month End Closing Process
  • Monthly Management Reporting
  • Job Costing
  • Joint Venture Accounting
  • Property Cost Accounting

Setting up your income accounts depends on what kind of services you provide.  If you have only one main service, you may just have one Accounting Services income account. If you offer multiple services, perhaps tax preparation along with bookkeeping services, it is recommended that you create an income account for each one.

Where Can I Find More QuickBooks Help?

If you are new to QuickBooks, read our blogs about changing preferences, adding new items, and generating reports.

If you need a QuickBooks refresher, read about how to create a new company, and how to edit your chart of accounts.

To learn about a chart of accounts for another industry, try our post on industry specific charts of accounts.

Let us save you and your clients time and money by analyzing your QuickBooks files. Contact us at 215-579-1465 for expert advice.

Download a free PDF on how to customize your QuickBooks file and accounts, please enter your name and e-mail below.