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A chart of accounts is a list of the account numbers and names relevant to your company. In this video, Astrid Daniela Galvez (QuickBooks ProAdvisor and Tax Specialist) clarifies the 4 primary groups in a standard chart of accounts (Asset, Liability, Income, and Expense) and provides some helpful tips in organizing them to make your small business’ financial information easier to access.

00:00 - Introduction
01:31 - What is the chart of accounts?
02:06 - Asset accounts
02:44 - Liability accounts
03:12 - Income and expense accounts
04:13 - Tips for setting up your chart of accounts

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