How to configure your Chart of Account in QuickBooks 2017, 2016, 2015

QuickBooks Chart of Account setup can be configured in a number of ways. However, please be aware of the following restrictions in QuickBooks with regards to the COA in the General Ledger.


  • The Account number is ALPHA-NUMERIC but cannot exceed 7 characters
  • The Account TYPES are hard coded and the types cannot be changed
  • Account Number are optional and the Account description cannot be the same for ANY of the account in the COA
  • Account Numbers tracking is turned on in the PREFERENCE section of the QuickBooks company configuration

The account types must be ONE of the following per account:

  • Bank
  • Accounts Receivable
  • Fixed Assets
  • Other Current Asset
  • Other Asset
  • Loan
  • Credit Card
  • Accounts Payable
  • Other Current Liability
  • Other Liability
  • Equity
  • Income
  • Other Income
  • Cost of Goods Sold
  • Expense
  • Other Expense

For more info, please call our Consulting Team at Tel. (855) 227-0700 or visit our websiteCBR Technology



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